During 2015, Johnson Corporation had EBIT of $100,000, a change in net fixed assets of $400.000, an incrcase in net current assets of $100,000, an increase in spontancous current liabilities of $400,000, a depreciation expense of SSO,000, and a tax rate of 30%. Based on ths information, Johnson's free cash flow is A) -$630,000 B)-$50,000 C) $650,000 D)-530,000 8. Ifyou expect to retire in 25 years, live on S90 000 per year and expect next 25 years, what amount of annual income will you nced to live at the same comfort level in 25 years? the inflation to average 3.5% over the A) S214,181 B) $212,692 C) $208,399 D) $199503 The present value of $6000 received at the end of year 1, $8,200 received at the end of ycar 2, and $$,300 received at the end of ycar 3, assuming a discount rate of 8 percent, is A)S17,503 B) S17.10 C) S16,793 D) S15,904 10. What is the effective interest rate on an account that pays 8% interest compounded quarterly? A)8, 18% B) 8.24% C) 8.31% D) 8,42% 11. At a rate of 6%, how long does it take to double your money. A) 13.1 years B) 12.9 years C) 12.4 years D) 11.9 years 12. The nominal annual rate of interest, found by multiplying the periodic rate by the number of periods per year is known as the B) Annual periodic rate D) Annual discount rate A) Annual percentage rate C) Annual percentage yield ive annusl rate of isterest that must be diselosed to consumers is known as the 13. The effective A) Annual percentage rate B) Annual periodic rate C) Annual percentage yield D) Annual discount rate