1. High Towers, Inc., has sales of $623,000, costs of $267,000, depreciation expense of $34,000, and interest expense of $21,000.
If the tax rate is 33 percent, the operating cash flow, or OCF, is $ ______ . (Round your answer to the nearest whole dollar amount.
2. What is the present value of a $398 perpetuity discounted back to the present at 4.86 percent
3. What is the present value of the following annuity? $202 every quarter year at the end of the quarter for the next 8 years, discounted back to the present at 17.14 percent per year, compounded quarterly?