1. Jacob's friend Albert borrows today with a promise to repay $48,835 in 14 years if jacob could earn 8% annually on the any investment he makes today how much would he be willing to lend Albert today? (Round to two decimals)
2. Arco Steel Inc generated total sales of $41,795,803 during the fiscal year depreciation and amortization for the year totaled $2,175, 130 and cost of goods sold was $27,046,177 interest expense for the year was $10,737,068 and selling, general, and administrative expenses totaled $5,262,722 for the year. What is Arco's EBIT? (Round to two decimals)
3. TR Corp has reported a net income of $661,850
4. for the year. The company share price is $19 and the company has 414,185 shares outstanding. compute the firms price earnings ratio. (Round to two decimals)
5. In the last year, Photon Inc reported $221,087 and net income. The Firm maintains a debt ratio of 25% and has a total assets of $3,374,069. What is Photon's return on equity?(Round to two decimals)
6. Briar Corp issuing a 19 year bond with a coupon rate of 5% and $1000 face value. The interest rate for similar bonds is currently 5%. Assuming annual payments what is the present value of the bond? (do not round intermediate computations. Round your final answer to the nearest two decimal's)
7. Lionel Inc has current assets of $661,754

including inventory of $284,065 and current liabilities of $454,043. What is the quick ratio? (Round to two decimals)

8. Cassandra Dawson wants to save for a trip to Australia. She will need $13,583 at the end of 11 years. She can invest a certain amount at the beginning of each of the next 11 years in a bank account that will pay her 10% annually. How much will she have to invest annually to reach her target?

(Round to two decimals)