ed Problem 6-7 Answer the following questions related Splish Inc. has $547,500 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $72,651 at the end of each year for 12 years, and the other is to receive a single lump-sum payment of $1,718,290 at the end of the 12 years. Which alternative should Splish select? Assume the interest rate is constant over the entire investment. Splish Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $870,800. The purchase agreement specif What is the interest rate, to the nearest percent, used in discounting this purchase fies an immediate down payment of $189,600 and semiannual payments of $88,219 beginning at the end of 6 months for 5 years. Interest rate % semiannually Splish inc, loans money to John Kruk Corporation in the amount of $771,200. Splish accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Splish needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Splish will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount received on sale of