Devon forgets to pay his credit card bill for three months. Which of the following statements is TRUE? 1. A Late Payment fee will not be charged to his account.

2. A Balance Transfer fee will be charged to his account.

3. His A. P.R. (interest rate) will rise to 30.24% until he pays back the amount he owes.

4. His A. P.R. (interest rate) will rise to 30.24% and stay there until he makes six consecutive minimum payments.

Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year.if the tax rate is 35 percent, what is the annual ocf for the project?