Calculate the wacc for ttt. assume ttt is in the 35% tax bracket. ttt has $500 million face value of debt outstanding. the debt has a price of 101: 08, a coupon of 6 ½ % (coupons are paid semi-annually), and a maturity of 10 years. ttt has 20 million shares of stock outstanding. the shares are currently priced at $7.67. the company pays no dividend, but estimates of the company’s beta are 2.1. the current risk-free rate is 3.2%, and the rate of return on the market portfolio is 11.4%.

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.