Please show me how you got the answers please.

1. The initial outlay or cost for a four-year project is $1,000,000. The respective cash inflows for years 1, 2, 3 and 4 are: $500,000, $200,000, $300,000, $300,000. What is the discounted payback period if the discount rate is 10%?

2. Your firm has just issued a 20-year $1,000.00 par value, 10% annual coupon bond for a net price of $984.00. Floatation costs are $15 per bond sold. Tax rate is 30%. What is the after-tax cost of debt?

3. You plan to place a $40,000 down payment on a lake cabin in Northern Minnesota in ten years. If you invest in a long-term CD earning an annual rate of 5.50%, how much would you need to invest today to have enough for the down payment in ten years?

4. Perfect Purchase Electronics

Selected Income Statement Items, 2009

Cash Sales $1,500,000

Credit Sales $8,500,000

Total Sales $10,000,000

COGS $6,000,000

Perfect Purchase Electronics

Selected Balance Sheet Accounts

12/31/2009 12/31/2008 Change

Accounts Receivable $270,000 $240,000 $30,000

Inventory $125,000 $100,000 $25,000

Accounts Payable $110,000 $90,000 $20,000

Using the information provided, what is the collection cycle for the firm?

5.Dividend growth rate is important to many investors. You are considering investing in a firm after looking at

the firm's dividends over a seven-year period. At the end of the year 2002, the firm paid a dividend of $1.35. At

year-end 2009, it paid a dividend of $1.84. What was the average annual growth rate of dividends for this firm?