1. The Jersey Corporation has 70% of its capital structure in the form of equity capital. $100,000 in capital needs to be raised for a projectbut only $20,000 in funds is available through retained earnings. How much must be raised through common stock to maintain Jersey Coporation's capital structure?
a) $70,000
b) $50,000
c) $80,000
d) $14,000
2. Which of the below is not necessary to find the future value of a present sum of money?
a) a discounting rate
b) the present sum of money
c) a compounding rate
d) a time factor