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