Hoagland Corp's stock price at the end of last year was $47.50, and its book value per share was $25.50. What was its market/book ratio? a. 1.86 b. 1.54 c. 1.07 d. 2.86 e. 1.40 Last year, Stewart-Stern Inc. reported $11,250 of sales, $4,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3.500 of bonds outstanding that carry a 6.50% interest rate, and its federal-plus-state income tax rate was 25.00%. During last year, the firm had expenditures on fixed assets and net operating working capital that totaled $2,000. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. This year's data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $1,250. By how much will the depreciation change cause (1) the firm's net income and (2) its free cash flow to change? Note that the company uses the same depreciation for tax and stockholder reporting purposes. Do not round the intermediate calculations. A Net Income A Free Cash Flow a. $937.50 $312.50 b. -$1,250,00 $312.50 -5312.50 5937.50 d -5937.50 $1,250.00 e. $1,250.00 50 Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $134,750. What is her taxable income? O a. 512,400 b. $134,750 c. 5122,350 d. 5109,950 e. $147,150 Suppose you inherited $1,000,000 and invested it at 7.90% per year. How much could you withdraw at the beginning of each of the next 20 years? a: 579,000.00 b. 520,477.70 C.593,693.64 d. 595,810.62 e. 5101,095.44