1. Red Roofs, Inc. has current liabilities of $24,300 and accounts receivable of $7,800. The firm has total assets of $43,100 and net fixed assets of $23,700. The owners equity has a book value of $21,400. What is the amount of the net working capital?
   1. $5,100
   2. -$4,900
   3. $6,500
   4. $18,800

1. The Travis is buying a car and will finance it with a loan that requires monthly payments of $265 for the next four years. His car payments can be described by which one of the following terms?
   1. Perpetuity
   2. Annuity
   3. Lump Sum
   4. PV Factor

1. You are scheduled to receive $7,500 in three years. When you receive it, you will invest it for eight more years at 7.5 percent per year. How much will you have in eleven years?
   1. $13,376.08
   2. $14,428.09
   3. $15,110.24
   4. $16,113.33

1. Capstone Investments is considering a project that will produce cash inflows of $11,000 in year 1, $24,000 in year 2, and $36,000 in year 3. What is the present value of these cash inflows if the company assigns the project a discount rate of 12 percent?
   1. $41,997.60
   2. $46,584.28
   3. $54,578.17
   4. $54,868.15