17) Apple is expected to pay $2.50 dividend next year. Dividends will grow at 55% a year afterwards. Apple stock is selling for $52.50 today. Rd 7.5%, tax rate is 40%. Apple has 45% debt,55% equity, what is the WACC of Apple? 18) You are currently working as a sales agent with an annual salary of $45,000. You are accepted to an evening MBA program that will cost $180,000 to complete in 3 years After MBA your annual salary will increase to $60,000 per year. You will work for 20 years after MBA Your cost of capital is 12%. Should you do an MBA? 19 to 23) Apple wants to make iPads in USA instead of China. So, it is considering building a plant in USA vs. China. Both plants have 10-year life. 3 Initial Investment: China: $48, USA: $108 Wages: China: $400M, USA: $800M