Revenue $460,000 beginning inventory of direct materials, january 1, 2015 30,000 purchases of direct materials 15,800 ending inventory of direct materials, december 31, 2015 16,000 direct manufacturing labor 26,000 indirect manufacturing costs 42,000 beginning inventory of finished goods, january 1, 2015 45,000 cost of goods manufactured 97,800 ending inventory of finished goods, december 31, 2015 41,000 operating costs 158,000 what is expert's operating income?

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?