Coleman Corporation is adding a new product line that will require an investment of $138,000. The product line is estimated to generate cash inflows of $25,000 the first year, $23,000 the second year, and $18,000 each year thereafter for ten more years. The payback period is closest to: 7.26 years 7.00 years 7.67 years 5.52 years The Western Division of Lance Company reported the following results from the past year. Shareholders require a return of 7%, while the weighted-cost-of-capital is 6%. Lance's corporate tax rate is 30%. Sales $ 700.000 Operating income $175,000 Total assets $1,500,000 Current liabilities 600,000 What is the Western Division's Residual Income (RI)? $77,500 $70,000 $126.000 $100,000 The present value of an investment is affected by which of the following? The interest rate. The number of time periods (length of the investment). None of the available answers are correct. All of the available answers are correct. The type of investment (annuity versus lump sum). The following financial statement items are shown for Brewster Inc. Inventory $24,000 Total assets $120,000 Salaries payable $12,000 Total liabilities $52,000 What is the common-size percentage for salaries payable? 433.33% 10.00% 50.00% 23.08%