The weighted average cost of capital of a firm represents the: a. minimum dividend yield a firm must pay to its preferred stockholders. b. maximum interest rate a firm should pay on the debt it uses. c. maximum rate of return a firm can expect to earn on its investments. d. minimum rate of return a firm must earn on average-risk investments to maintain its current value. e. required rate of return that should be used to evaluate capital budgeting projects that have above-average risk.

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?