4 833 Problem 2-12 Free Cash Flow (LG2-5) Tater and Pepper Corp, reported free cash flows for 2018 of $51.1 million and investment in operating capital of $34.5 milion. Teter and Pepper incurred $14.8 million in depreciation expense and paid $25.3 million in taxes on EBIT in 2018 Calculate Tater and Peppers 2018 Elit (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million 5 8.33 points Problem 2-13 Statement of Retained Earnings (LG2-1) Mr. Husker's Tuxedos Corp began the year 2018 with $258 million in retained earnings. The firm eamed net income of $34 million in 2018 and paid dividends of $8 million to its preferred stockholders and $15 million to its common stockholders. What is the year end 2018 balance in retained earnings for Mt. Husker's Tuxedos? (Enter your answer in millions of dollars.) Rotanot earnings million ok Pint References 12 Problem 2-26 Corporate Taxes (LG2-3) 8.37 points Suppose that In addition to $17.90 million of taxable income, Texas Taco, Inc. received $2,000,000 of interest on state-Issued bonds and $700,000 of dividends on common stock it owns in Arizona Taco, Inc. a. Use the tax schedule In Table 2.3 to calculate Texas Taco's income tax liability. (Enter your answer in dollars not in millions.) Income tax liability eBook Pmt References b. What are Texas Taco's average and marginal tax rates on taxable income? (Round your answers to 2 decimal places.) Average tax rate Marginal tax rate 13 Problem 5-38 Annuity Interest Rate (LG5-8) 2.5 points To borrow $2,800, you are offered an add-on interest loan at 5 percent. Three loan payments are to be made, one at four months, another at eight months, and the last one at the end of the year. Compute the three equal payments. (Round your answer to 2 decimal places.) 01:52:16 eBook Three equal payments $ 9,893.33 Print References 14 Problem 5-45 EAR of Add-On Interest Loan (LG5-7, LG5- 8) 25 points To borrow $3,600, you are offered an add-on interest loan at 9.4 percent with 12 monthly payments. 01:52:13 Compute the 12 equal payments. (Round your answer to 2 decimal places.) eBook Print Equal payment References Use the amount you borrowed and the monthly payments you computed to calculate the APR of the loan. Then, use that APR to compute the EAR of the loan. (Do not round intermediate calculations and round your final answer to 2 decimal places.) EAR %