1. A firm's BIT is $2,555,000, its depreciation expense is $134,000 and its ending net fixed assets and beginning net fixed assets are $2,345,000 and $2,190,000 respectively. The firm's net working capital increased by $103,000 and its tax rate is 21%. What is the firm's net capital spending? Multiple Choice $21,000 cash inflow $289,000 cash outflow $4.669,000 cash outflow $155,000 cash inflow

2. A firm's current capacity utilization is 80%. The firm's current net property, plant and equipment is $1,050,000 and is 100% of current sales. What is the projected net property, plant and equipment if the firm's sales grow by 7.5%? Multiple Choice $1.128.750 $1,312,500 $903.000 $1.050.000

3. What is a firm's internal growth rate if its net income is $765,000, its addition to retained earnings is $543,000 and its liabilities plus equity equal $2,976,000? Multiple Choice 8.20% 22.32% 8.06% 16.24%

4. A 9.75% coupon bond with par value of $1,000 matures in 13 years and yields 1112%. Coupon payments are paid semi-annually. What is the bond's price? Multiple Choice $975 $662 $907 $111

5. A firm recently paid a $.67 dividend per share. The expected growth rate for the next 5 years is 8% annually. The growth rate from year 5 into perpetuity is 3% annually. The required rate of return is 11.50%. What is the stock's value? Multiple Choice $9.97 $7.16 $13.40 $6.92