Major: Business Administration ClassFinancial Management Teacher: PAN ane -ES 60 40 100 1. COMPREHENSIVE PROBLEM (60 points) 1. The Fareni Co had $300,000 in taxable income. Using the rates from Table 1, calculate the company's income taxes. What is the average tax rate? What is the marginal tax rate? (20 points) Tarable Tecom Tax Rate S. 50,000 159 50.001-73,000 75001 100.000-375,000 335,001 - BO 29 10.000.000 15.000.000 155 15.000 DOT-1833333333 131334 159 2. If Winson, Inc., has an equity multiplier of 1.5, total asset turnover of 2.0, and a profit margin of 5 percent, what is its ROE? (5 points) 3. Algernon Inc. has net income of $300,000 a profit margin of 10 percent, and an accounts receivable balance of $150,000. Assuming 50 percent of sales are on credit, what is the company's days' sales in receivables? (10 points) 4. Dential, Inc., has an unfunded pension liability of $100 million that must be paid in 20 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5 percent, what is the present value of this liability? (5 points)