1. Mary Cooper, Sheldon's mother, who lives in east Texas, wants to help pay her grandchilds education. How long will it take Mary to reach her goal of $200,000 if she invests $10,000 per year, earning 6 percent?
2. What claims against assets, on the right side of the balance sheet, are not included in determining the weighted average cost of capital?
3. The only capital investment required for a small project is investment in inventory. The operating cash flow this year was $9,000, and inventory increased from $5,500 to $8,000. What was the cash flow from the project?