I need answers to the attached pdf. Please complete them and send them to me as soon as possible

TAKE-HOME PORTION OF FIN3320 EXAM #1 YOUR SIGNATURE: __________________________ Professor: Connell Spring 2016 YOUR NAME: ______________________________ By signing and writing my name above, I attest that (1) I have read this statement; (2) I understand that to work on this test with fellow classmates or with former students is unethical, is considered cheating, and is covered by sections on student conduct of the University's student handbook; and (3) I pledge neither to reveal nor to discuss the contents of this test to anyone before the deadline for submitting this part of the exam. ATTENTION: TO RECEIVE ANY CREDIT FOR THIS WORK, YOU MUST PRINT AND SUBMIT A COPY OF THIS PAGE. ON THE PRINTED PAGE, YOU MUST SIGN YOUR SIGNATURE AND PRINT YOUR NAME. ATTENTION: If you submit more than a single page, your submission must be stapled ... not paper-clipped, not binder-clipped, not folded together, but stapled. Please be sure to have stapled your pages before arriving to class, if you submit more than a single page. You do not need to show work for multiple-choice problems. Please just circle the right answer, or best answer, for each problem. OR, YOU CAN UPLOAD THIS TO MY EMAIL.....I WOULD REALLY RATHER GET A HARD COPY FROM YOU.......... Each of these multiple-choice and word questions is worth 1.0 point and will contribute to your overall Exam-#1 score. 1. A firm's taxable income is $12M; calculate tax expense. (A tax table follows.) (a) $4,100,000 (b) $4,088,250 (c) $5,100,000 (d) $5,088,250 Taxable Income $0-$50K >$50K-$75K >$75K-$100K >$100K-$335K Rate 15% 25% 34% 39% Taxable Income >$335K-10M >$10M-151/3M >151/3M-$18M >$18M Rate 34% 35% 38% 35% 2. Various stakeholders in a firm care more about: (a) the book value of the firm's assets, (b) the market value of the firm's assets, or (c) how new the assets are. 3. Assume you deposit $25,000 in a corporate bond fund that pays 3%. What will value or how much money will you have in this mutual fund in 3 years? (a) $26,250.24 (b) $26,010.13 (c) $27,318.18 (d) 28,137.72 4. Which of the following statements is most true? (NI = net income; CF = cash flow) a) NI and CF are totally unconnected, and investors care more about NI. b) NI and CF are certainly positively related, but investors care more about NI. c) NI and CF are totally unconnected, and investors care more about CF. d) NI and CF are certainly positively related, but investors care more about CF. 5. Holding all else constant, the future value of an investment will increase if: (a) the investment's expected future cash flows involve more, as opposed to less, uncertainty. (b) the investment is compounded for a larger, as opposed to a smaller, number of periods. (c) the investment is compounded at a higher, as opposed to a lower, interest rate. (d) both b and c. TAKE-HOME PORTION OF FIN3320 EXAM #1 YOUR SIGNATURE: __________________________ Professor: Connell Spring 2016 YOUR NAME: ______________________________ Cash Flow Identity Problem. W-Panic Enterprises, Inc. (WPEI) shows the following balance sheet and income statement information. Balance Sheet Assets Cash Accts. Receivable Inventory Net Fixed Assets Liabilities Accounts Payable Taxes Payable Long-term Notes Long-term Bonds Owners' Equity Common Stock Retained Earnings 2012 2013 $1,120 $2,380 $800 $5,500 $1,250 $2,900 $440 $6,360 $1,600 $300 $1,800 $1,000 $1,500 $850 $1,250 $1,450 $4,000 $5,000 $1,100_ _ 900 _ _ Income Stmt. Sales Cost of Goods Sold SG&A Expenses Marketing Expenses Depreciation Exp. Operating Income Interest Exp. Taxable Income Tax Expense* Net Income Dividend Exp. 2013 $18,000 $9,800 $1,100 $1,000 $1,500 $4,600 $1,200 $3,400 $850 $2,550 $2,750 * the average tax rate is 25% Calculate each of the following using the above fiaancial statements: 1. EBIT 2. Operating Casf Flow 3. Net Capital Spending (Note: Combine LT Debt & Notes ) 4. Cash Flow to Creditors Financial ratio problems: Solve for the following using the above Balance Sheets and Income Statement from W-Panic and incorporating the following information: The market value for a share of WPEI stock on 12/31/13 was $20. There are 1000 shares outstanding at the end of the year. Calculate the following for 2013: (a) Price/Earnings. (b) Market Value per share/Book Value per share. (c) ROE (d) ROA Present Value/Future Value Questions: If you expect to receive $2000 from your great aunt at t=3 and $3000 from your great uncle at t=5, and using a disc. rate of 9% to discount the CF from your aunt and a rate of 12% to discount the CF from your uncle, what is the PV of this entire stream of future CFs? WRITE OUT THE EQUATION, INSERTING THE FACTS THAT ARE GIVEN. SOLVE VIA CALCULATOR AND GIVE ME THE SOLUTION AS WELL. You expect to receive a series of annual, $5000 payments from your parents at the end of each year for the next THREE years. Using a discount rate of 10% in your calculation, find the present value of this stream of future cash flows. WRITE OUT THE EQUATION, INSERTING THE FACTS THAT ARE GIVEN. SOLVE VIA CALCULATOR AND GIVE ME THE SOLUTION AS WELL. Fin3320 Exam #1, page 3 Professor