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Deutsche Bank Australia quotes the interest rate on a savings deposit account at 15.8 % compounded quarterly. What is an equivalent Annual Percentage Rate with

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Deutsche Bank Australia quotes the interest rate on a savings deposit account at 15.8 % compounded quarterly. What is an equivalent Annual Percentage Rate with daily compounding? % (Give answer as a % to 2 decimal places) Eletropaulo Ltd purchased a pizza doe-making machine for $260,000 just on 4 years ago. The machine has a 5-year useful life and will be depreciated on a straight-line basis to 10% of the original cost. The manager intends to replace the current machine with the new one at the cost of $275,000. If the current machine can be sold right now for $116, 000, what is the after-tax salvage of the sale given the tax rate of 36.0%? (Give answer to the nearest one dollar)

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