Question 3 (4 marks) Assume the total cost of a university education will be $300,000 when your child enters unive rsity in 18 rs. You currently have $65,000 to invest. What annual rate of interest must you earn on your yea investment to cover the cost of your child's university education? Question 4 (5 marks) Calculate net income given the following information: tax rate-30%; accounts receivable-S900; receivable turnover 5 times; inventory $500; inventory turnover 3.20 times; operating expenses $700; interest expense $200