PLS HELP!!! 28. Baker, Inc. uses the sum-of-the-years-digits method to depreciate a $79,600.00 piece of
equipment that has an estimated life of 20 years. The salvage value is $4.000.00. The
accumulated depreciation at the end of year 4 is

$8,000.00
O $4,000.00
$26,640.00
$7,960.00

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.