Series of cash flows can be defined

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Reference no: EM131908075

1. If the federal tax rate is 36% and the state tax rate is 7%, the effective tax rate is closest to

31.8%

35.4%

37.3%

40.5%

2. A firm receives the following cash flows: year 1 = $400 million, year 2 = 350 million, year 3 = $400 million. This series of cash flows can be defined as a(n)

A) annuity

B) mixed stream

C) single sum

D) equal, periodic cash flows

E) present value

Reference no: EM131908075

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