Moshavi Associates reported Retained Eamings in fiscal 2020 as $4.750 million. In fiscal 2021 Moshavi expects earnings before taxes (EBT) to be $1.50 million, interest expense to be $500,000, and its marginal tax rate to be 25 percent. If the firm's payout ratio is 60 percent. Determine Moshavi's expected 2021 year-end Retained Earnings $5.200 million $5.005 million $5.425 million $4.843 million $4.975 million Question 25 4 pts Salinas Farms Incorporated is considering a new 5-year project. The details are: - Machine Cost $979.500 - Annual end-of-year cash flows will be $313.220 annually (res, it is a 5-year annuity) - Tax rate is 25% - The firm's cost of capital is 12.5 percent. What is the project's Net Present Value (NPV)? $135.741 - $143.069 NPV is negative $95.810 5247.683 999 Moshavi Associates reported Retained Eamings in fiscal 2020 as $4.750 million. In fiscal 2021 Moshavi expects earnings before taxes (EBT) to be $1.50 million, interest expense to be $500,000, and its marginal tax rate to be 25 percent. If the firm's payout ratio is 60 percent. Determine Moshavi's expected 2021 year-end Retained Earnings $5.200 million $5.005 million $5.425 million $4.843 million $4.975 million Question 25 4 pts Salinas Farms Incorporated is considering a new 5-year project. The details are: - Machine Cost $979.500 - Annual end-of-year cash flows will be $313.220 annually (res, it is a 5-year annuity) - Tax rate is 25% - The firm's cost of capital is 12.5 percent. What is the project's Net Present Value (NPV)? $135.741 - $143.069 NPV is negative $95.810 5247.683 999