Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $299,000 for November, $319,000 for December, and $219,000 for January Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. The company desires to have an ending merchandise Inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. . Other monthly expenses to be paid in cash are $22,000. Monthly depreciation is $25,500. . Ignore taxes. Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets 32,500 81,500 185,900 1,013,000 $1,312,900 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings 248,000 749,000 315,900 Expected cash collections in December are: Multiple Choice $104,650 $319,000 $207,350 $312,000 Bau Long Haul, Inc., is considering the purchase of a tractor-trailer that would cost $349,472, would have a useful life of 7 years, and would have no salvage value. The tractor-trailer would be used in the company's hauling business, resulting in additional net cash inflows of $81,500 per year. The Internal rate of return on the investment in the tractor-trailer is closest to ignore Income taxes. Click here to view Exhibit 138.1 and Exhibit 130-2. to determine the appropriate discount factors) using the tables provided. A company anticipates incremental net Income (le, Incremental taxable income) of $38,000 in year 3 of a project. The company's tax rate is 30% and its after-tax discount rate is 8%. Click here to view Exhibit 138.1 to determine the appropriate discount factors) using table. The present value of this future cash flow is closest to: (Round your final answer to the nearest whole number:) Multiple Choice $1,400 52020 59062 626