Your firm shows the below bata: Debt

Outstanding debt $500M face value

Current quote 110

Coupon Rate 7.5%

Annual Coupons

TTM 20 years

Tax rate 36%

Common Stocks

Outstanding shares 20M

Price per share $25

Beta 1.15

Market risk premium 8%

Risk free rate 3%

Preferred Stocks

Price $25

Annual Dividend $2.5

What is the weighted average cost of capital? (show your work)

List three major educational changes over the past 100 years that have positively influenced students. explain why these changes were influential.

Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine