45.Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?

a.$18,561

b.$17,844

c.$20,003

d.$21,345

e.$19,552

43.Anton is considering putting money in an investment plan that will pay him $52,000 in 12 years. If Anton's opportunity cost rate is 7 percent compounded annually, what is the maximum amount he should be willing to pay for the investment today?

a.$23,089

b.$25,526

c.$26,888

d.$28,685

e.$30,534

34.Palawan Financing has total assets worth $900 million and total liabilities worth $475 million at the end of December 31, 2016. What is the amount of money received by the stockholders, if Palawan Financing liquidates all of its assets for $850 and pays off all of its outstanding debt?

a.$850 million

b.$475 million

c.$1,325 million

d.$425 million

e.$375 million