Problem 1 Here are some data on Induscorp, Inc., The balance sheet items correspond to values at year-end of 1999 and 2000, while the income statement items correspond to revenues or expenses during the year ending in either 1999 or 2000. All values are in thousands of dollars. 1999 2000 Revenue $4.000 $4.100 Cost of goods sold 1.600 1.700 Depreciation 500 520 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes 400 420 Accounts payable 300 350 Accounts receivable 400 450 Net fixed assetst 5.000 5.800 Long-term debt 2.000 2.400 Notes payable 1.000 Dividends paid 410 410 Cash and marketable securities 800 300 Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Questions: 600 5) What was the firm's average tax bracket for each year? Do you have enough information to determine the marginal tax bracket? 6) Examine the values for depreciation in 2000 and net fixed assets in 1999 and 2000. What was Induscorp's gross investment in plant and equipment during 2000? 7) Construct a statement of cash flows for Induscorp for 2000. 8) Now suppose that the market value in thousands of dollars) of Induscorp's fixed assets in 2000 is $6,000, and that the value of its long-term debt is only $2,400. In addition, the consensus among investors is that Induscorp's past investments in developing the skills of its employees are worth $2,900. This investment of course does not show up on the balance sheet. What will be the price per share of Induscorp stock