What is the future value of $400 in 16 years assuming an interest rate of 8 percent compounded semiannually? Multiple Choice $501.76 $1,370.38 $460.05 $1,403.22 $1,333.06 II 700 Major Manus Inc 2012 Income Statement Not Sales 180.500 Coat of goods sald 7500 Depreciation 300 Earnings before interest and AXAS Interest paid 35 Taxable income $ 665 TAS 275 Net Income IS 390 Dividends 19 192 Major Manuscripts, Inc. 2012 Dalance Sheet 2012 2012 Cash $ $ 2,410 Accounts payable 2,260 Accounts tec 950 Long-term debt 270 Inventory 2,750 Common stock 2,400 Total $ 6,170 Retained earnings 4,570 Net fixed assets 3,390 Totul 9.500 Totalbies & 9.500 equity Mejor Manuscripts, Inc. is currently operating at 90 percent of capacity. All costs and networking capital vary directly with sales. The tax rate, the profit margin, and the dividend payout ratio will remain constant. How much additional debe required if no new equity is raised and sales are projected to increase by 10 percent? Multiple Choice $225 c S218 $61 $393 You're trying to save to buy a new $190,000 Ferrari. You have $48,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car? Multiple Choice 28.45 years 26.20 years 28.70 years o 28.20 years 27.95 years