their CTO uckle is as follows: $ 5,000 are relevant to the desire to buy a larger house? of of Sharon and Huckle is as foi 2. The most recent balance sheet of Sharo Liabilities and Net Worth Assets $1,000 Credit card balances Stock mutual funds (expected rate of return 12%) 15,000 300,000 15,000 9,000 6,000 5,000 Department store card Cash (21% interest) Visa Card (18% interest) Master Card (16% interest) House Car (personal use) Car loan (10% interest) Mortgage on homem 180.000 Net Worth SWO ??? Both of them work and their take-home pay is $40,000. Current are not saving any money (other than the "mandatory savings such contributions). They can borrow money for investment purpose at 5% inte 000. Currently, they savings such as CPP at 5% interest Required: (a) What is their net worth? (b) As their financial advisor, describe briefly four recommendations with respect to managing their debt, and three other personal financial planning recommendations to the family. (c) They have heard that there will be some savings if they "convert all 1 their credit card debt into an investment loan. Calculate (i) the amount of interest savings annually and (ii) the amount of tax savings if their marginal tax rate is 30% and their average tax rate is 20%. 3. Jack and Natalie Novak, aged 32 and an