ECN 801 Midterm: CECN801 – W2012 Midterm1
Document Summary
Cecn801 midterm exam : mark the correct answer on your scantron form. Hand in the scantron form and bonus question page. (20 questions: 5% each) First name ____________________________ Last name ____________________________ Student # ____________________________ In 2010, a biotechnology firm, dna map inc. , had million of assets and million of liabilities. Earnings before interest and taxes were million, interest expense was. million, and the tax rate was 32%. (interest expense not tax exempt) Assume the interest rate is 10%, compounded annually: . 45, . 45, . 45, . 45, . 45, consider the cash flow series shown below. Determine the required annual deposits (time zero. Plus remainder are end of year) that will generate the cash flows from years 4 to 7. 12%: . 19, . 19, . 19, . 19, . 19, if you deposit ,000 and leave it to accumulate interest over three years at. If an annual deposit of.
