Hello, can you please assist with the questions attached? Thanks.

Question 1 Ricky has discovered a way to reduce the fuel used by the Ricardo Co. The new approach will save $6,000 each year for the next 6 years. Ricardo Co. is not subject to income taxes and has a discount rate of 4%. Assume the savings occur at the end of each year. What is the present value reducing fuel usage? "ish" means due to rounding, if your answer may be off as much as $10 from the answer you selected. a. $16,339 (ish) b. $20,791 (ish) c. $25,274 (ish) d. $27,478 (ish) e. $31,453 (ish) Question 2 The Lucy Co. is considering the purchase of a deluxe oven for manufacturing pies. The oven would cost $8,000 today and provide cash revenues in excess of cash expenses of $3,000 at the end of year 1, $3,400 at the end of year 2, and $2,800 at the end of year 3. At the end of year 3, the oven would be sold for $600 which also equals its net book value at that time. Lucy has an income tax rate of 0.0% (is not taxable) and a discount rate of 6%. What is the net present value of this project? "ish" means due to rounding, your answer might differ from the number you selected by as much as $5. a. $1,200 b. $711 (ish) c. $207 (ish) d. $8,711 (ish) Question 3 The Ethel company plans to sell an old delivery van for $7,000 this year. Ethel has recorded $5,000 of depreciation on the van in each of the last 5 years, and Ethel uses the same depreciation method for computing taxable and GAAP incomes. The van was acquired 5 years ago for $30,000. Ethel faces a tax rate of 40%. What is the net after tax cash flow from selling the van? This problem does not require present value computations. a. $2,000 b. $6,200 c. $6,300 d. $4,200 e. $4,550 Question 4 The Fred Co. is located in Desilu, a small country off the coast of Honduras. The company is considering the purchase of a new machine. Desilu has a corporate income tax rate of 40%, and it allows companies to use either (a) capitalize and amortize product development costs using straight-line amortization or (b) expense the development cost in the period incurred. Consider a development project in which Fred expects to spend $4,500 on January 1, 2015. It would receive tax deductions for that entire amount on December 31, 2015 if it expenses the cost in the year incurred. If it depreciates and amortizes, it gets deductions on December 31, 2015, 2016, and 2017 (the development activity has a 3 year life with zero salvage value at the end of year 3). What is the difference in the present value of after tax cash flows associated with the development activity between capitalizing and amortizing versus immediately expensing? Fred uses an 8% hurdle rate. a. The NPV of the straight-line tax shield is $121 (ish) higher than that of the immediate expensing tax shield. b. The NPV of the straight-line tax shield is $121 (ish) lower than that of the immediate expensing tax shield. c. The NPV of the straight-line tax shield is $254 (ish) lower than that of the immediate expensing tax shield. d. The NPV of the straight-line tax shield is $254 (ish) higher than that of the immediate expensing tax shield