Answer the following questions. Show your work or give brief explanation for each. a) TRUE or FALSE: If a price index in 2010 is 100 and now is 200, then the average annual escalation rate for the 10-year period is 10%. b) You bought 100 Apple shares in 2017, $38 each. Exactly four years later, they now trade at $127. If you were to sell them today, what would be your annualized rate of return? c) Find the ROR of the cash flows that spread over the next 4 years, starting year 0: (-$2500, $500, $500, $500, $3000) d) TRUE or FALSE: In incremental analysis, we should compare the project with lowest initial investment and the one with the highest initial investment in the last round. e) TRUE or FALSE: When comparing public projects, incremental analysis is not needed because public projects do not usually involve financial benefits. f) If you wanted to double your money in 6 years, about what interest rate would you be seeking? g) TRUE or FALSE: If the final book value of an asset is greater its salvage value, then we save in taxes at the time of salvage at the end of the project. h) TRUE or FALSE: Suppose that tax rate is strictly greater than 0. Then, after-tax MARR is smaller than Before-tax MARR. i) Consider a five-year MACRS asset that was purchased for $76,000. What is the gain or loss amount if the asset is disposed of in year 3 with a salvage value of $20,000? j) You purchase an asset for $1000. The net profit for the asset is fairly certain to be $200 per year for five years. After that you will sell the asset. The salvage value for the asset after five years is uncertain. Your MARR is 20%. What is the break-even point for the salvage value of the asset