QUESTION 12 4 points The Piper Co purchased a new machine 3 years ago at $15 million. The machine can be sold for $5.33 million today. The firm's current balance sheet shows net fixed assets of $4.65 million, current liabilities of $2.25 million, and a net-working capital of $700,000. If all the current assets were liquidated today, the company would receive $3.25 million cash. Calculate the book value of the firm's assets. (Enter your answer as e.g. 4,400,000, not 4.4 m) QUESTION 13 4 points Piper Co had sales of $750,000, cost of good sold of $300,000, selling, general and administrative expenses of $150,000, depreciation expense of $35,000, and an interest expense of $17,000. If the tax rate is 21%, calculate the net income. QUESTION 14 4 points Piper Co had sales of $750,000, cost of good sold of $300,000, selling, general and administrative expenses of $150,000, depreciation expense of $35,000, and an interest expense of $17,000. If the tax rate is 21%, calculate the operating cash flows (OCF). QUESTION 15 4 points Fairbanks Co.'s balance sheet showed long-term debt of $5 million in 2018, and $4.5 million in 2019. In 2018, the balance sheet showed a common stock account of $2 million, and 2.5 million in an additional paid-in surplus account. In 2019, the balance sheet showed $2.5 million and 2.5 million in the same two accounts respectively. In 2019, the income statement showed an interest expense of $500,000 and dividends paid of $700,000. Calculate the cash flow to the stockholders for the year. Sa Sa SE S