1. The post merger P/E of Turnbull Corporation is predicted to be 15. The EPS for the previous four quarters totals $2.00 per share for Turnbull. The number of shares outstanding is 100,000. The earnings valuation of Turnbull is
2. You want to save for retirement. You save $366.7 each month for the next 31 years and can invest at a return of 11% (APR). At retirement, you purchase an annuity with the money from your savings that will last for 15 years and earn a return of 3.9%. How will be your monthly payment during retirement?