1) At what rate must $400 be compounded annually for it to grow to $716.40 in 10

1) At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?A. 6%B. 5%C. 7%D. 8%2) The present value of a single future sumA. increases as the number of discount periods increaseB. is generally larger than the future sumC. depends upon the number of discount periodsD. increases as the discount rate increases3) Which of the following is considered to be a spontaneous source of financing?A. Operating leasesB. Accounts receivableC. InventoryD. Accounts payable4) Compute the payback period for a project with the following cash flows if the company s discount rate is 12%.Initial outlay = $450Cash flows:Year 1 = $325Year 2 = $65Year 3 = $100A. 3.43 yearsB. 3.17 yearsC. 2.88 yearsD. 2.6 years