Question 1 (1 point) In a given quarter, a company buys inventories from suppliers in an amount equal to 40% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $52,120. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 37.20% from the first, while sales of the third quarter are projected to increase at 17.20% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $31,883 $32680 $33,477 $34,275 $35,072 Question 2 (1 point) Firm A is analyzing the possible acquisition of Firm T. Firm A currently has 4,330 shares outstanding at a market price of $49.22 per share. Firm T has 3,007 shares outstanding at a market price of $38.92 per share. If Firm A has estimated that the present value of the synergistic benefits arising from the acquisition of Firm Tis $6,535, what would be the NPV of the merger if Firm A offered 3 of its shares in exchange for 6.0 of Firm T's shares? $34,031 $34,951 $35,871 $36,790 $37,710