The martian corporation, a space vehicle development company, is starting a new division that will develop the next-generation launch missile engine configuration. use a hand application of the mirr method to determine the eror for the estimated net cash flows (in $1000 units) of $-44,000 in year 0, $15,000 in years 1 through 7, and $-1,000 in year 8. assume a borrowing rate of 11% and an investment rate of 28% per year.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)