8. TBUS350 Investments is considering a project that will produce cash inflows of $10,000 at the end of Year 1, $25,000 in Year 2, $38,000 in Years 3 & 4. What is the present value of these cash inflows at a discount rate of 10.5 percent? a. $81,007.65 b. $81,076.54 c. $83,176.45 d. $82,444.02 ns 9-12 are based on the following information. On Jan. 1, 2008, Laura purchased one $1,000 3-year semiannual bond with a coupon rate of 8%. The yield to maturity of the bond was 10% at the time. 9. How much did Laura pay for the bond? a. S974.21 b. $949.24 c. $1,000 d. $767.90 26. Charlene can afford car payments of $185 a month for 48 months. If the interest rate is 5.65 percent, how much money can she afford to borrow? a. $7,931.44 b. $7,734.95 c. $7,899.60 d. $8,022.15 33. When valuing a stock using the constant-growth model, Di represents the: a. expected difference in the stock price over the next year b. expected stock price in one year c. last annual dividend paid. d. the next expected annual dividend 34. Which type of stock pays a fixed dividend, receives first priority in dividend payment, and maintains the right to a dividend payment, even if that payment is deferred? a. Noncumulative preferred b. Cumulative preferred C. Senior common d. Cumulative common