The appropriate discount rate for the following cash flows is 7.17 percent per year. Year Cash Flow 1 $ 2,480 2 0 3 3,920 4 2,170 What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld