has net income of $161,000, a profit margin of 7.33 percent, and an average accounts receivable 10. Billings, Inc. has net income of $161,000, a profit marele lance of $127,100. Assume that 66 of sales are creant sales. What is the average collection period of the receivables? A. 22 days B. 32 days C. 34 days D.35 days 11. Rick is planning to invest the following amounts at 6 percent interest. How much money will he have saved at the end of year 3? End of year Amount to save $500 $800 $900 A. $2,200.00 B. $2,309.80 C. $2,309.16 D. $2,500.79 12. Suppose we have the "exchange rates": -0.90.9=0.85, and recall "exchange rates are used in the following way to find the Net Present Value of cashflows: NPV = CF, + CF, + CF 1) Compute the interest rater between two and t2, implied in the "exchange rate". 2) What is the NPV of a project that requires a current investment of $10MM and generates cash inflows of $5MM at t=1 and $7MM at t-2? 3) Suppose a buyer wishes to purchase this project but pay for it 1 year from now. How much should you ask for? 12-1 A. r=8.47% B. r=17.6% Cr-11.11% D. r=8.82% E. cannot be determined 12-2 A. $0.45MM B. $2.00MM C. $22.0MM D. $0.70MM 12-3 A. $0.45MM B.$0.50MM C. $7.0 MM D. $0.53MM 15. What is the future value of $2,100 in 17 years assuming an interest rate of 8.4 percent compounded semi- annually? A. $5,099 B. $8,274 C. $8,506 D. $6,174 16. About EAR and APR, which statement is NOT correct? A EAR is higher at 6% compounded monthly than 6% compounded quarterly B. EAR is higher at 6% compounded continuously than 6% compounded monthly C. The EAR, rather than the APR, should be used to compare both investment and loan options. D. When comparing savings accounts, you should select the account that has the highest APR