Savings tools offered by depository institutions may earn interest. which of the following statements is not true about interest? a) when paying interest, look for low ratesb) when earning interest, look for low ratesc) the amount of interest earned or paid is determined by the interest rated) interest is the price paid for using someone else's money

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?