Consider the following statements:

i. a division's net operating income, after deducting both traceable and allocated common fixed costs, is negative.
ii. the division's avoidable fixed costs exceed its contribution margin.
iii. the division's traceable fixed costs plus its allocated common corporate costs exceed its contribution margin. only i and iii are a valid reason for eliminating the division?

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?