A company reported a net loss of 16,000,000. However, an understatement of 28% was made on the opening stock ( recorded figure was 3,600,000) ; closing stock was overstated by 450,000 and purchases overstated by 700,000. What is the correct net profit or loss.

Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. at what rate does the firm just break even?