17) Tangshan Mining is considering issuing long-term debt. The debt would have a 30 year maturity and a 12 percent coupon rate and make semiannual coupon payments. In order to sell the issue, the bonds must be underpriced at a discount of 2.5 percent of face value. In addition, the firm would have to pay flotation costs of 2.5 percent of face value. The firm's tax rate is 33 percent. Given this information, the after tax cost of debt for Tangshan Mining would be A) 6.38%. B) 12.76%. C) 4.98%. D) 8.55%. E) none of the above. 18) Fixed assets that provide the basis for the firm's profit and value are often called A) tangible assets. B) non-current assets. C) earning assets. D) book assets. E) none of the above. 19) What is the expected risk-free rate of return if asset X, with a beta of 1.5 , has an expected return of 20 percent, and the expected market return is 15 percent? A) 5.0% B) 7.5% C) 15.0% D) 22.5% E) none of the above. 20) Breakeven cash inflow refers to A) the minimum level of cash inflow necessary for a project to be acceptable, that is, NPV > \$0. B) the minimum level of cash inflow necessary for a project to be acceptable, that is, NPV