Iron Bran owes $456,000 in taxes on taxable income of $818,000. If the firm earns $1 more in income, it will owe an additional $0.15 in taxes. Their marginal tax rate is ____________(Do not include the percent signs (%). Round your answers to 2 decimal places.)

What is the present value of the following cash flows if the discount rate is 10.1%?

Year	Cash Flow
0	0
1	25,600
2	28,900
3	15,200

Suppose you are going to receive $15,000 per year for 10 years at the end of each year; thus you receive the first payment one year from today. Compute the present value of the cash flows if the appropriate interest rate is 9 percent. Round it two decimal places, and do not include the $ sign

How much should you be willing to pay for $227,000 received 5 years from today if the interest rate is 6.3 percent annually?

You are thinking about buying a new car. The price of the car is $31,000. You have $5,000 to put towards the down payment and want to take out a car loan for the rest. If you can negotiate an annual interest rate of 6.1 percent APR (with monthly compounding) and wish to pay for the car over a 5-year period, what would be your monthly payment?

AAA Insurance Co. has made an investment that will generate a cash flow of $23,000 each year for the next 11 years. If the company uses a discount rate of 4.3 percent on its investments, what is the value of this investment?

	$183,970
	$187,370
	$191,270
	$195,270
	$198,270
	$201,670

You just won $30,000 and deposited your winnings into an account that pays 4.2% interest, compounded annually. How long will you have to wait until your winnings are worth $75,000?

	22.27 years
	23.95 years
	21.24 years
	22.67 years
	25.00 years