Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
$2,431,224<br />
Multiple Choice Question 64<br />
PV of multiple cash flows: Ajax Corp. is expecting the following cash flows—$79,000, $112,000, $164,000,<br />
$84,000, and $242,000—over the next five years. If the company's opportunity cost is 15 percent, what is the<br />
present value of these cash flows? (Round to the nearest dollar.)<br />
$414,322<br />
$480,906<br />
$429,560<br />
$477,235<br />
Multiple Choice Question 72<br />
Future value of an annuity: Jayadev Athreya has started on his first job. He plans to start saving for retirement<br />
early. He will invest $5,000 at the end of each year for the next 45 years in a fund that will earn a return of 10<br />
percent. How much will Jayadev have at the end of 45 years? (Round to the nearest dollar.)<br />
$1,745,600<br />
$2,667,904<br />
$3,594,524<br />
$5,233,442<br />
Multiple Choice Question 57<br />
Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for<br />
$28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year?<br />
(Round to the nearest percent.)<br />
12%<br />
32%<br />
16%<br />
40%
Change language