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Johnson Plumbing and Heating Company has net income of $284,000. The firm pays out 40 percent of the net income to its shareholders as dividends. During the year, the company sold $61,000 worth of common stock. What is the cash flow to stockholders? $52,600 $54,370 $57,400 $61,200 $65,400 Texas Instruments has 500,000 shares of common stock outstanding at a market price of $54 a share. Last month, Texas Instruments paid an annual dividend in the amount of $2.80 per share. The dividend growth rate is 5%. Texas Instruments also has 20,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 5% coupon, pay interest annually, and mature in 15 years. The bonds are selling at 104% of face value. The company's tax rate is 25%. What is Texas Instruments' weighted average cost of capital? 7.11% 7.41% 7.61% 7.91% 8.21%