Problem 7-20: A start-up biotech company is considering making an investment of $100,000 in a new filtration system. The associated estimates are summarized below: $75,000 $45,000 8 years Terminal book value (EOY 8) $20,000 Terminal market value $0 Annual receipts Annual expenses Useful life Straight-line depreciation will be used, and the effective income tax rate is 20%. The after-tax MARR is 15% per year. Determine whether this investment is an attractive option for the company

discuss how critical thinking skills will make you less likely to be influenced by arguments that are based on fallacies and faulty reasoning.

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Critically evaluate how the breach of ethics by auditors could contribute to expand the audit expectation gap. Your report should include/address the following concerns: 1. Introduce/analyze ethical aspect of auditors and audit expectation gap. 2. Critically examine how different threats to ethics enlarge the audit expectation gap. 3. Propose ways to minimize the threats to ethics and thus the expectation gap of audits. 4. Determine the current developments and future direction of ethical aspects of auditors, and explain how such developments contribute to safeguard the audit profession as a concluding remarks. Include a cover page, an executive summary, a table of contents and references. You may include an appendix if necessary.