U U U Question 5 6 pts Yogi Berra was major league baseball's MVP in 1955. His annual salary that year was $50,000. The MVP for 2013 was Miguel Cabrera, earning $21,000,000 per year. What is the annual rate of salary appreciation over those years? Enter your answer as a full percentage number. For example. if your answer is 12.33% you must enter 12.33 only. Do not enter the "96" sign. Question 6 6 pts On January 1. you borrowed $31,862 from your parents and have agreed to amortize the loan over 4years making equal annual payments at the end of each year. Therefore at the end of that time the loan balance must be zero. You offered to pay 5.77% interest rate on the loan. What would be the balance on the loan at the beginning ofthe second year? Round to the nearest penny and enter your answer in the box below. Question 7 6 pts What is the future value of the following cash ows, given an appropriate discount rate of 6.16% {to the nearest penny)? U Year 1 $2.301 Year 2 $4.908 Year 3 $6.991 Year 4 $5.891 Year 5 $6.882 Question 8 6 pts Max industries is planning to invest in a number of projects during the next scal year. Given they substantial capital investment, the board ofdirectors have assigned you with nding the break points in their capital structure so that in the future they calculate properly the cost of capital. The rm can borrow up to $37,837,033 in new debt before the interest rate increases: the rm can then borrow any amount at the higher rate. Taxes are 28% and debt is 36% of the target capital structure. In addition, there will be retained earnings of $29,467,055 available at the end of this scal yea r. The rm does not use preferred equity. Calculate the break point in the MCC schedule for Common Equity. Enter your answer in the box below, to the nearest penny