Ambrin Corp. expects to receive S3,500 per year for 10 years and $2.000 per year for the next 10 years What is the present value of these 20 year cash flows. Use a 1 1%, discount rate A. $19,037.80 B. $27,870.25 C. $32,389.33 D. $42,555.73 E. $24,760.50 12. You borrow $239,000 to buy a house. The mortgage rate is 7.75 percent. The loan is to be repaid in equal annual payments over 20 years. The first payment is due at the end of the year. H ow much of the second payment applies to the interest payment? A. $23,891.57 B. S18,522.50 C. $ 5,369.07 D. $18,106.40 E. S 5,785.17 13. The total assets are $900, the fixed assets are $600, long-term debt is $500, and current liability is $200. What is the amount of net working capital? A. SO B. $100 C. $200 D. S300 E. $400 14. Art's Boutique has sales of S640,000 and costs of S480,000. Interest expense is S40,000 and depreciation is $60,000. The tax rate is 34%, what is the net income? A. $20,400 B. $39,600 C. $50,400 D. $79,600 E. $99,600 uare Inc. reported that its retained earnings for 2005 were $490,000. In its 2006 financial statements, it reported $60,000 of net income, and it ended 2006 with $510,000 of retained earnings. How much were paid as dividends to shareholders during 2006? A. $20,000 B. $25,000 C. $30,000 D. $35,000 E. $40,000