Please answer question 15. Thank you.

Trade-in allowance is the current market value offered by the vendor to establish salvage value on the cash flow statement. True False A company buys a pickup truck for $25,000. Each year the truck is in service the trade in value decreases by 20%. Maintenance on the truck will run $2,000 per year while increasing by 15% each year it is in service. The company uses an MARR of 12%. Find the Annual Equivalent Cost for the second year. a. 9386.87 b. 5325.30 c. 7245.30 d. 6325.30 ACME Confetti Corporation needs to finance $20 million for a plant expansion building project. They've decided to issue common stocks to finance the entire project. How many shares do they need to issue to cover the cost of the project plus all floatation costs (7% of issue price). ASSUMPTION: Issue price is $50 per share. Assets can cover the value of the share price and floatation costs. a. 379, 940 b. 465,000 c. 430, 108