A 5-year project is expected to generate revenues of $92,000, variable costs of $67,000, and fixed costs of $11,000. This annual depreciation is $4,000 and the tax rate is 35 percent. What is the annual operating cash flows? 58, 700 39, 100 59,000 $10, 500 $11, 100 The common stock of Pittsburgh Steel Products has a beta of 1.42 and a standard deviation of 21.6 percent. The market rate of return is 12.5 percent and the risk-free rate is 5 percent. What is the cost of equity for Pittsburgh Steel Products? 15.65 percent 17.75 percent 18.45 percent 20.50 percent 22.75 percent A firm wants to create a weighted average cost of capital (WACC) of 9.5 percent. The firm's cost of equity is 11 percent and its pre-tax cost of debt is 9 percent. The tax rate is 35 percent, What does the debt-equity ratio need to be for the firm to achieve its target WACC? .28 .37 .41 .54 .59 The Five and Dime Store has a cost of equity of 15.8 percent, a pretax cost of of 7.7 percent, and a tax rate of 35 percent. What is the firm's weighted average cost of capital if the debt-equity ratio is 0.40? 10.18 percent 11.72 percent 12.72 percent 13.49 percent 14.93 percent