1. You purchase a machine for $100,000. Such machine has a 3-year MACRS classification. If the machine is sold at the end of the second year for $45,000, what are the after-tax proceeds from the sale, assuming your tax rate is 34%?
a) 35,323
b) 37,180
c) 38,124
d) 40,000
e) 42,338
2. What will $150,000 grow to be in 4 years if it is invested today in an account with a quoted annual interest rate of 6.5% with weekly compounding of interest? (Assume 52 weeks per year.)
a) $190,904
b) $191,018
c) $192,520
d) $193,231
e) $194,508