8) A company is issuing new preferred stock for $25 per share. The stock will pay $3.00 per share. The cost to float the new issue preferred stock is $1.50 per share. What is the annualized cost of capital (Rpf) to the company to issue this preferred stock? (7 pts) 9) How much should I be willing to pay for a share of stock that is expected to pay a dividend of $3.00 per share next year if my required rate of return is 15% and I expect the dividend for the stock to grow at a rate of 7% per year? (7 pts) 10) Briefly describe or list THREE (3) issues or drawbacks associated with the Internal Rate of Return calculation which lead to it being inferior to Net Present Value when it comes to evaluating whether or not to pursue an investment or project (15 points). 11) Briefly explain for me why we calculate MIRR (modified internal rate of return). (10 pts) 12) You are starting up your own new company from the ground up. Tell me about the types of capital financing that might be available to you (debt and equity) and the relative cost (low?, high?, very high?, etc.) associated with that source or sources of capital (15 pts) 13) My current ratio is rising and it is now higher than my competitor's current ratio and the industry average in general. Give me three reasons why this could be a bad thing. (15 pts) 14) My company manufactures high end gears and sells these gears for $8.50 each. I have a high level of fixed operating costs to help me manufacture my gears. On an annual basis, my fixed costs are $4,000,000. My variable costs per unit are $1.50. Based on this information, what is my breakeven quantity (how many gears do I need to manufacture to start making a profit)? (7 pts)