1. At the end of each of the next 4 semi-annual periods, you will receive an annuity payment. You will also receive a one time $30,000 payment at the end of the last semi-annual period. What is the semi-annual annuity payment if the present value of all payments equals $57,356., using a discount rate of 2.8%?
A $7,500
B $15,095
C $14,844
D $7,169
2.Papa Roach Exterminators, Inc., has sales of $594,000, costs of $395,000, depreciation expense of $39,000, interest expense of $24,000, and a tax rate of 30 percent. What is the net income for firm?
A. 134,200
B. 95,200
C. -42,200
D 119,200
E 158, 200