9. The Lumber Yard is considering a 5-year project that requires initial investment of $96,000 in fixed assets that will be depreciated using the straight-line method to a zero over its 6-year tax...

Extracted text: 9. The Lumber Yard is considering a 5-year project that requires initial investment of $96,000 in fixed assets that will be depreciated using the straight-line method to a zero over its 6-year tax life. The company has a marginal tax rate of 32%. If the fixed assets can be sold at $20,000 at the end of the project, how much is the after tax salvage value? A. $5,120 B. $17,280 C. $13,160 D. $25,440 10. A credit card company quotes you an APR of 18%. What is the actual rate of interest you are paying if interest is computed monthly? A. 18.90% B. 19.20% C. 20.62% D. 19.56%