45. When you compare the VX curve with DAET curve in acid environments, which (A68o/As20) is larger?
(A) VX,
(B) DAET,
(C) almost the same
(D) no information available,
(E) Background

41. According to Table Al, which MCF rubber has the smallest electric resistance? (A) Battery type, (B) piezo type, (C) conductive type, (D) quantum type, (E) none of above

42. According to Table Al, which MCF rubber has the most diversified dopants? (A) Battery type, (B) piezo type, (C) conductive type, (D) quantum type, (E) none

43. Based on Background curve, what is the pH value when (A68o/As20) value is 0.5? (A)2,(B)4,(C)6, (D) 8, (E) 10

44. If you compare the DAET curve with VX curve, what is the approximate ratio of (A6so/Asz0) when pH values of both curves are 8? (A)2,(B)3,(C)4, (D) 5, (E)6

1.J&J's has total net income of $418,400, earnings before interest and taxes (EBIT) of $102,500, depreciation of $59, 100, and an average tax rate of 21 percent. The company is all-equity financed with 15,000 shares outstanding at a book value of $38 a share and a price-to-book ratio of 3. What is the firm's EV/EBITDA ratio if the firm has excess cash of $49.200? (A) 9.67 (B)10.28 (C)8.39 (D)9.15 (E) 10.98

2. You borrowed a $5,000, 5-year loan at 9% interest. The loan agreement requires the firm to pay principal each year plus interest for that year. Then, you would pay a fixed payment per year. In the second year, you surprisingly won a lottery. If you want to pay all the loan clearly in the end of year 2, how much should you pay?(A) 1,280(B)2,583 (C)3,541 (D)4.120 (E) 4,539

3.Jeff is the recipient of a trust that will pay him $1,000 on the first day of each month, starting immediately and continuing for 40 years. What is the value of this inheritance today if the discount rate is 7.3 percent, compounded monthly? (A) $146,811 (B)$137,557 (C)$180,204 (D)$156,385 (E) $380,102

4. A new project requires initial cost of $17,500 and would produce annual cash flows of $4,850, $8,500, $4,000, and $4,000 for Years 1 to 4, respectively. The required payback period is 2.9 years and the discounted payback period is 3.6 years. The required rate of return is 9 percent. Which methods indicate project acceptance and which indicate project rejection? (A) Accept: NPV, IRR, PI, payback； Reject: discounted payback (B)Accept: NPV, IRR, PI； Reject: payback, discounted payback (C)Accept: payback, PI； Reject: NPV, IRR, discounted payback (D)Accept: payback, discounted payback； Reject: NPV, IRR, PI (E) Accept: NPV, IRR； Reject: PI, payback, discounted payback

5. Andrew is working on a bid for a contract. Thus far, he has determined that he will need S197,000 for fixed assets and another $62,000 for net working capital at Time 0. He has also determined that he can recover $79,900 aftertax for the combined fixed assets and net working capital at the end of the 3-year project. What operating cash flow will be required each year for the project to return 14 percent in nominal terms? (A) $88,330 (B)$97.489 (C)$110,248 (D)$128,330 (E) $113.069

6.TSE Auto has sales of $848,600, net income of $94,000, dividends paid of $28,200, total assets of $913,000, and current liabilities of $78,900. Suppose that all costs, assets, and current liabilities change spontaneously with sales. The tax rate and dividend payout ratios remain constant. If the firm's managers project a firm growth rate of 15 percent for next year, what will be the amount of external financing needed to support this level of growth? Assume the firm is currently operating at full capacity. (A) $39,535 (B)$49,445(C)-$10.202 (D)$14,302 (E) $31,305