15. Assume a portfolio is invested 10% in Stock A, 40% Stock B, and 50% in Stock C. Expected returns for Stock A, Stock B, and Stock C are 14%, 12%, and 4%, respectively. What is the portfolio expected return? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.)

16. A firms debt is publicly traded and recently quoted at 95% of face value. The debt has a total face value of $5 million and is currently priced to yield 6%. The company has 2 million shares of stock outstanding that sell for $10 per share. The company has a beta of 1.5. The risk-free rate is 3%, the market risk premium is 8%, and the corporate tax rate is 35%. What is the market value of the companys debt? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.)

17. A firms debt is publicly traded and recently quoted at 90% of face value. The market value of the companys debt is $9 million. The market value of the companys equity is $27 million. The book values of the companys debt and equity are $10 million and $20 million, respectively. What is the equity capital weight that should be used to calculate the firms WACC? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.)