Question 22 (4 points) What is the present value of the following cash flows using a 10% annual discount rate? Year 0 1 2 3 4 Cash flow $0 $1,000 $2,500 $3,000 $4,200 1) $7,891.74 2) $8,097.81 3) $8,394.28 4) $9,188.59 Question 23 (4 points) If Greenwood Inc., reported $35 million in paid interest during 2014, what is the cash flow to creditors in 2014 (in millions)? Greenwood, Inc., 2013 and 2014 Balance Sheet ($ in millions) 2013 2014 2013 2014 Cash $100 $120 Current liabilities $810 $765 360 380 Account receivable 440 460 Long-term debt 180 190 Inventory 900 960 Current assets Total liabilities 990 955 1,060 1,210 Fixed assets Common stocks 790 885 145 280 Addition to retained earnings 35 50 Additional paid-in surplus 970 1215 Total owner's equity ILIJ Total owner's equity Total assets 1,960 2,170 1,960 2,170 Total liabilities & equity 1) $10 02) $12 3) $19 4) $25