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A firm currently has the following capital structure which it intends to maintain. Debt: $3,000,000 par value of 9% bonds outstanding with an annual before-tax

A firm currently has the following capital structure which it intends to maintain. Debt: $3,000,000 par value of 9% bonds outstanding with an annual before-tax yield to maturity of 7.67% on a new issue. The bonds currently sell for $115 per $100 par value. Common stock: 46,000 shares outstanding currently selling for $50 per share. The firm expects to pay a $5.50 dividend per share one year from now and is experiencing a 3.67% growth rate in dividends, which it expects to continue indefinitely. The firm's marginal tax rate is 40%. The company has no plans to issue new securities. 1- The current total value of the firm is: A) $6,450,000. B) $5,750,000. C) $4,950,000. D) $3,250,000. 2- The proportion of debt in this firm's capital structure is: A) 40%. B) 50%. C) 60%. D) 70%. 3-The after-tax cost of debt is: A) 6.20%. B) 5.40%. C) 4.60%. D) 3.80%. 4-The firm's weighted average cost of capital is: A) 10.47%. B) 9.29%. C) 8.63%. D) 7.71% please show the work

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