29. The Cinco de Mayo Corporation has 950,000 shares of common stock outstanding at a market price of $38 per share. The also has 40,000 bonds outstanding with a par value of $1,000 each that are quoted at 106. What weight should be given to the debt when company the firm computes its weighted average cost of capital? a. 54.01% b. 47.44% C. 45.99% d. 52.56% e. 10.51% 30. H&H Bagels is evaluating two mutually exclusive capital budgeting projects. The relevant cash flows can be seen below. Using IRR as the decision rule, what action should the company take if its required return is 16%? Project A cash flows: Year 0: -$22,000, Year 1: $22,000, Year 2: $2,000 and Year 3: $2,000. Project B cash flows: Year 0: -$45,000, Year 1: $10,000, Year 2: $5,000 and Year 3: $48,000. a. Select Project A. b. Select Project B. C. Select both Projects A & B. d. Select neither Project A nor B. e. More information is needed to answer the