ZZZ Corporation provided you the following condensed operating income report. 2,000,000 1,200,000 800,000 250,000 550,000 Sales Less: Cost of Sales Gross Profit Less: Operating Expenses Operating Income P P P Additional Information: Non-cash expenses included in the above numbers total P500,000. ZZZ incurs an average of 8% pre-tax effective interest on its P1,500,000 long-term Shareholders require a minimum return of 15% which the entity satisfies. ZZZ is taxed at 35%. Assuming there will be no significant changes to expected debt and profit levels, and that ZZZ will operate indefinitely, what is its value of net assets? AAA Corporation will be issuing preference shares. A piece has a par value of P100,000, coupon rate of 8%, and term of 5 years. The par value will mature throughout the term equally every year. Ms. D would like to earn 10% from her investment in this. financial instrument but paid P92,750. How much did stre under/(over) pay?