3...

The following information was taken from Indriks Companys cash budget for the month of July:

Beginning cash balance $150,000

Cash receipts 95,000

Cash disbursements 170,000

If the company has a policy of maintaining a minimum end of the month cash balance of $125,000, the amount the company would have to borrow is

4...A company has a minimum required rate of return of 9% and is considering investing in a project that costs $175,000 and is expected to generate cash inflows of $70,000 at the end of each year for three years. The net present value of this project is