(16%) Your client just turned 70 years Tukes money from her retirement account on her birthday eacth on her 75-th birthday. She is saving money and is establishing a retirement account with your office. She would like to withdraw 25,000 on her 75-th birthday, and increase withdrawals by 10% in year year until she dies. She would ideally like to withdraw USD she would like to withdraw USD 36,603 on her 79-th birthday). She plans to die on her 80-th birthday, at which time she would like to leave USD 50,000 to her descendants. Your client currently has USD 50,000. You estimate that the money in the retirement acourt wil earn 10% year over the next 10 years. Your client plans to contribute in equal amount of money each year until her retirement. Her first contribution will come in 1 year, her 5-th and final contribution will come in 5 years (on her 75-th birthday). How much should she contribute each year to meet her objectives? throng, her binhday 0. Taskuz (16%) Georgetown Company has the following simplified balance sheet Cash Inventony Accounts R Net Fixed A Total Current Lia Long-Term Common E Total 25,000 190,000 125,000 360,000 200,000 300,000 200,000 The company has been advised that their credit policy is too generous and that they should reduce their Days Sales Outstanding to 36 days (assume 360 days in year). The increase in cash resulting from the decrease in accounts receivables will be used to reduce the company's long-term debt. The interest rate on long-term debt is 10% and the company's tax rate is 30%. The tighter credit policy is expected to reduce the company's sales to USD 750,000 and result in EBIT of USD 70,000 What is the company's expected ROE after the change in credit policy