Arotary engine powers a vertical takeoff and landing (vtol) personal aircraft known as the moller skycar m400. it is a flying car known as a personal air vehicle (pav), and it is expected to make its first untethered flight in 2020. the pav has been under development for 28 years at a total cost of $120 million. assuming the $120 million was spent in an equal amount each year, determine the future worth at the end of the 28-year period at an interest rate of 8% per year.

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.