Triumph Energy Inc. has an average age of inventory of 62 days, an average collection period of 57 days and an

average payment period of 43 days. The firm's total annual outlays for operating cycle investments are $3.65

million. Assuming a 365-day year, how much financing is required to support its cash conversion cycle?

(Please round to the nearest dollar and do not enter the dollar sign)

What is the quoted price of a bond maturing in 12 years with a coupon rate of 9 percent, paid semiannually, that

has a YTM of 13 percent? (Please round to the nearest hundredth)