A corporation reported revenues of $120 million, operating expenses of $80 million, and interest expense of $10 million. Common stockholders received cash dividends of $1 per share on 2 million common shares outstanding. The firm's marginal tax rate is 30%. What is the corporation's earnings per share?

a.$10.50 b.$14 c.$4.5 d.$10 e. $21 million

George needs $55,000 for college. His grandparents contributed $20000 towards his college fund. He has to take out a student loan to cover the remaining cost; he wants to pay this off in 7 years. The interest of the loan is 1.5% annually. How much is George's annual payment?

a.$5304.5 b.$8,335.6 c.$4,779.5 d.$7510.6 e. none of the above