Market Value RatiosLab R Doors' year-end price on its common stock is $59. The firm has total assets of $79 million, the debt ratio is 51%, no preferred stock, and there are 4.4 million shares of common stock outstanding. Calculate the market-to-book ratio for Lab R Doors.

Moving Cash FlowYou are scheduled toreceivea $420 cash flow in one year, a $720 cash flow in two years, andpaya $320 payment in three years. If interest rates are 12 percent per year, what is the combined present value of these cash flows?