1. The Medweb approved a new project that will generate the following figures for each year for the next 13 years: Revenue of $63 million, Operating Expenses of $21 million, and Depreciation and Amortization of $8 million. The marginal tax rate is 25%. What is Medweb Free Cash Flow in the 5th year?
A) 36.18 million B) 30.15 million C) 25.50 million D) 30.50 million E) 34.17 million
2. You are planning to travel to Japan this summer, and so you will need to exchange for some Japanese Yen to spend on your trip. Suppose you noticed that the exchange rate was 99.57 Yen yesterday, and it is 99.21 Yen today. Which of the following statements is correct?
A. Japanese Yen has depreciated. B. Japanese Yen has appreciated. C. YOu will exchange for less Japanese Yen if Japanese Yen is cheaper D. Both A and B are correct E. Both B and C are correct