1. In 2014 Electric Autos had sales of $180 million and assets at the start of the year of $310 million. If its return on start-of-year assets was 10%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
2. Your aunt won the lottery and needs your help in deciding which payout she should take. Your aunt has the choice of either $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. Assuming the appropriate interest rate is 8 percent, which payout option do you advise your aunt to take?