What is the future value of $5,000 at an 8% annual interest rate compounded quarterly for 33 years? You purchased a new excavator for $150,000, which you plan to rent to construction companies for five years. You want to earn a rate of return of 12% p.a. Assuming all cash flows occur at the beginning of the year, what is the required annual cash inflow? You plan on retiring after you turn 40. When you retire, you want to receive an annual payment of $50,000 on your birthday beginning with your 41st birthday up until your 80th birthday. How much would you have to invest on your 20th birthday at 6% interest per year in order to fund that retirement cash flow stream? You may assume that your account continues to earn interest after you start receiving the birthday payments. Beverage Wholesale LLC is a company selling luxury liquors and spirits to restaurants. Beverage Wholesale needs to rethink the pricing of its whiskey products. It imports bottles of whiskey from Scotland at $50 per bottle and pays its supplier in cash at the day it receives its whiskey shipments. Beverage Wholesale on average holds its inventory for 83 days before it can sell it. All its sales are made on credit, and it takes Beverage Wholesale LLC 63 days to collect on its receivables. Beverage Wholesale investors require a 18.25% annual return; hence, it discounts cashflows at that rate and it discounts cash flows daily. You may assume that the year has 365 days. What is the minimum price that Beverage Wholesale needs to charge for its whiskey to earn a positive NPV?