A payment of $20,000 6 years from now is equivalent, at 11% interest, to an annual payment for 12 years starting at the end of this year. The equivalent uniform annual payment is closest to? 2. A manufacturing firm's specialty circuit board division has annual fixed costs of $100,000 and variable costs of $15.00 per board. If they charge $95 per circuit board, how many circuit boards must they produce and sell in order to break even? 3. Helmuth Inc's latest net income was $1,250,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? 4. Meyer Inc's assets are $625,000, and its total debt outstanding is $185,000. The new CFO wants to establish a debt/assets ratio of 55%. The size of the firm does not change. How much debt must the company add or subtract to achieve the target debt ratio? 5. Brown Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)?