Question 21 (4 points) Your company is planning to borrow $2500000 on a 15-year, 10.0 percent, annual payment, fully amortized term loan. What fraction of the payment made at the end of Year 4 will represent repayment of principal? Your Answer: Answer units Question 22 (4 points) You just graduated, and you plan to work for 10 years and then to leave for the Australian "Outback" bush country. You figure you can save $1000 a year for the first 5 years and $2000 a year for the next 5 years. These savings cash flows will start one year from now. In addition, your family has just given you a $10000 graduation gift. (Nice!) If you put the gift now, and your future savings when they start, into an account which pays 2.50 percent compounded annually, what will your financial "stake" be when you leave for Australia 10 years from now? Your Answer: Answer units Question 23 (4 points) Braun Industries' cost of capital is 10.00 percent. The firm is considering an investment project which will cost $1400 in Year O and return the following cash flows in the four following years: $330, $350, $500 and $400. Find the project's internal rate of return. Your Answer: Answer units