Stock in daenerys industries has a beta of 1.1. the market risk premium is 7 percent, and t-bills are currently yielding 5 percent. the company’s most recent dividend was $1.40 per share, and dividends are expected to grow at an annual rate of 7 percent indefinitely.

if the stock sells for $35 per share, what is your best estimate of the company’s cost of equity? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40