5. (5 Points) Schuyler Applied Technologies Inc. has assets of $1401 term liabilities of $21M. and long-term liabilities of $51 M. If 750,000 com- mon shares have been issues, what is the book value? a. Less than $0.01 b. About $0.91 c. About $9.00 d. More than $90 6. (5 Points) Denton has been offered a mortgage at 4% nominal interest, compounded monthly for 20 years. If he borrows $200,000, how much interest will he pay the first month? a. about $50. or less b. about $128. c. about $356. d. about $667. or more 7. (5 Points) Professor Burke has just won a lottery prize paying $800,000. annually for twenty years. Given a personal MARR of 5%, what minimum lump sum payment will he now accept in exchange? a. at least $6.80 million b. at least $9.95 million c. at least $11.90 million d. at least $15.00 million 8. (5 Points) (10) An oil well is projected to show profits of $200,000 during its first year of operation, $190,000 the second year, $180,000 the third year, and so on. If the well is expected to produce for a total of 10 years, and the effective annual interest rate if 6%, what is it's present worth? a. $1,180,000, b. $1,250,000, c. $1,500,000, d. $1,770,000