One of the benefit of the pay back period is that it focuses on the timing of the project's benefits and costs, even though it does not adjust the cash flows for the time value of money Select one: True False Assume that Javier Corporation has operating income of $17,500,000 and it receives $750,000 in interest income and $800,000 in dividend income. Assume that the firm pays a flat 40% income tax rate. What is the firm's income tax liability? Select one: none of the above a. b. $7,300,000 C. $7,396,000 d. $7,620,000 If the cost of a new production line is $40,000 and the expected free cash flows resulting from this new line are as follows Inflow year 1 12000 Inflow year 2 12000 Inflow year 3 12000 Inflow year 4 12000 And the required rate of return is 10 percent. Then the NPV of the project would be :- Select one: a. 38,040 b. (8000) C. 8000 d. 1960 e. (1960) We should report Dividends as:- Select one: a. investment activity-outflow b. financing activity-inflow c. financing activity- outflow Cost of good sold is the cost of the inventory exists in the store: - Select one: True False