Required information [The following information applies to the questions displayed below.] On January 1, 2021, Frontier World issues $39.5 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. Required: 1-a. If the market rate is 7%, calculate the issue price. (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Answer is complete but not entirely correct. 1-b. The bonds will issue at A Discount A Premium Face amount Required information [The following information applies to the questions displayed below.] On January 1, 2021, Frontier World issues $39.5 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 2-a. If the market rate is 8\%, calculate the issue price. (FV of $1,PV of $1,FVA of $1, and PVA of $1 ) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Answer is complete but not entirely correct. 2-b. The bonds will issue at A Discount A Premium Face amount Required information [The following information applies to the questions displayed below.] On January 1, 2021, Frontier World issues $39.5 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 3-a. If the market rate is 9%, calculate the issue price. (FV of $1,PV of $1,FVA of $1, and PVA of $1 ) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Answer is complete but not entirely correct. 3-b. The bonds will issue at A Discount A Premium Face amount Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations) Multiple Choice $13,890. $7,050. $7,800. $15,600. Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Western account for each of these expenditures? Multiple Choice $23,640. $0. $11,820. $3,940. Which of the following is not an advantage of debt financing? Multiple Choice Interest is tax deductible. The cost of borrowing may be lower than the return on equity. The ownership interest of current stockholders is unchanged. Debt financing often has no maturity date