6B1:

Find the net present value (NPV) for the following series of future cash flows, assuming the company's cost of capital is 14.59 percent. The initial outlay is $466,366.

Year 1: 156,300

Year 2: 184,032

Year 3: 162,778

Year 4: 150,939

Year 5: 139,956

Round the answer to two decimal places.

6C5:

Tall Trees, Inc. is using the modified internal rate of return (MIRR) when evaluating projects.The company is able to reinvest cash flows received from the project at an annual rate of 9.34 percent.What is the MIRR of a project if the initial costs are $1,688,700 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of 491,500 per year at the end of the year.

Round the answer to two decimal places in percentage form.

6F4:

Nature Food Inc. needs to estimate the cost of financing on preferred stock. The firm has preferred stock outstanding that pays a constant dividend of $3.50 per year. That preferred stock is currently selling for $85.48. However, the underwriter would charge flotation costs of $2.77 per share. What is the form's cost of preferred stock financing?

Round the answers to two decimal places in percentage form.