The following information is available for an investment in a new piece of equipment: Cost of the equipment Salvage value Annual cash inflows Net present value of investment Discount rate $21,718.00 S0 $5,000.00 $4,956.50 10% The life expectancy of the equipment is approximately (round to the nearest tenth) A. It is impossible to determine B. 8.0 years C. 4.3 years D. 6.0 years Apple Corp issued preferred dividends of $16,000 in 2015. See the following equity section of their balance sheet: 2015 300,000 900,000 900,0 200,000 700,000 500,00o 2014 300,000 Common Stock APIC Preferred Stock Retained Earnings Total Stockholders' Equity 2,100,000 ,900,000 If the return on equity was 12.5% for 2015, net income for 2015 was: A. $225,000 B. $250,000 C. $266,000 D. $241,000 200,000