14 questions need ASAP.

Rory has $2,500 but needs $5,000 to purchase a new golf cart. If he can invest his money at a rate of 12% per year, approximately how many years will it take the money in Rory's account to grow to $5,000? Use the Rule of 72 to determine your answer. Note: The golf cart's price may have changed by the time Rory's account reaches a value of $5,000.

A) 2 years

B) 6 years

C) 4 years

D) 8 years

Blackburn Inc. has issued 30-year $1,000 face value, 10% annual coupon bonds, with a yield to maturity of 9.0%. The annual interest payment for the bond is ________.

A) $100

B) $45

C) $50

D) $90

You want to invest in a stock that pays $5.00 annual cash dividends for the next four years. At the end of the four years, you will sell the stock for $20.00. If you want to earn 12% on this investment, what is a fair price for this stock if you buy it today?

A) $25.42

B) $40.00

C) $27.90

D) $43.90

Consider the following four-year project. The initial after-tax outlay or after-tax cost is $1,000,000. The future after-tax cash inflows for years 1, 2, 3 and 4 are: $400,000, $300,000, $200,000 and $200,000, respectively. What is the payback period without discounting cash flows?

A) 3.5 years

B) 4.0 years

C) 2.5 years

D) 3.0 years

A firm is considering purchasing two assets. Asset A will have a useful life of 15 years and cost $3 million; it will have installation costs of $400,000 but no salvage or residual value. Asset B will have a useful life of 6 years and cost $1.3 million; it will have installation costs of $180,000 and a salvage or residual value of $300,000. Which asset will have a greater annual straight-line depreciation?

A) Asset B has $40,000 more in depreciation per year.

B) Asset B has $30,000 more in depreciation per year.

C) Asset A has $30,000 more in depreciation per year.

D) Asset A has $40,000 more in depreciation per year.

Which of the following would NOT be considered a cost of debt financing?

A) The required return on a bank loan

B) The yield-to-maturity of a bond issue

C) The required return on money borrowed from a venture capitalist

D) The required return on preferred stock

Which of the following is an advantage of the dividend growth approach over the SML in estimating the required return on equity?

A) It is easy to fit flotation costs into the dividend growth model but not the SML.

B) The dividend growth model uses market information but the SML does not.

C) Dividend growth is known, whereas estimating beta for the SML is an art form.

D)  All are advantages of the dividend growth model for estimating the required return on equity.

For March, Heavenly Hotel will have cash receipts of $365,000 and cash disbursements of $370,000. If its beginning cash is $4,000 and its reserves are $3,000, what will be its shortfall in cash for the month?

A) There is no shortfall in cash but an excess of cash.

B) -$5,000

C) -$3,000

D) -$4,000

Surf City Inc. has decided on a 3-for-1 stock split. If the firm currently has 900,000 shares outstanding, how many shares will be outstanding after the stock split?

A) 1,200,000 shares

B) 2,700,000 shares

C) 300,000 shares

D) 3,600,000 shares

Tiger Training Inc. has decided on a 4-for-1 REVERSE stock split. If the firm currently has 1,600,000 shares outstanding, how many shares will be outstanding after the stock split?

A) 3,200,000 shares

B) 200,000 shares

C) 400,000 shares

D) 6,400,000 shares

In the United States, we can buy a pair of shoes for $58. These shoes are identical in every way, shape, and form to a pair of shoes from Japan that be purchased for ¥7,200 including shipping costs. From whom should we order the shoes if we can exchange $1 for ¥120?

A) Buy from the U.S., as we save $2.00.

B) Buy from Japan, as we save $2.00.

C) Buy from Japan, as we save $4.00.

D) Buy from the U.S., as we save $4.00.

Assume that you are the manager of a U.S. company and you face an exchange rate of ¥120 per $1. Whenever you receive an order, rather than ship from your production facilities, you call in the order to a Japanese company and have the bill shipped to you directly. If the bill shipped to you is ¥7,500 and you can collect $62 per item sold to your customer, what would be your loss per item if you pay the Japanese company ¥7,500?

A)  -$0.60 per item

B) -$0.50 per item

C) -$0.75 per item

D) -$0.80 per item

A home improvement firm has quoted a price of $9,800 to fix up John's backyard. Five years ago, John put $7,500 into a home improvement account that has earned an average of 5.25% per year. Does John have enough money in his account to pay for the backyard fix-up?

A)  Yes; John now has $10,519 in his home improvement account.

B) No; John has only $9,687 in his home improvement account.

C) Yes; John now has exactly $9,800 in his home improvement account.

D) There is not enough information to answer this question.

Your firm has issued ten-year zero-coupon bonds with a $1,000 face value. If the bonds are currently selling for $514.87. What is the yield to maturity? (Assume semi-annual discounting.)

A) 6.86%

B) 10.45%

C) 6.75%

D) This question cannot be answered because there is no coupon payment provided.