A firm has 700,000 shares of common stock outstanding at a market price of $60 a share. Last month, the firm paid an annual dividend in the amount of $3 per share. The dividend growth rate is 6%. The company also has 32,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 6% coupon, pay interest annually, and mature in 10 years. The bonds are selling at 102% of face value. The company's tax rate is 25%. What is the company's weighted average cost of capital (WACC)?

		8.17%
		8.24%
		8.10%
		8.03%
		8.31%

2.

A company purchased some fixed assets four years ago at a cost of $520,000. It no longer needs these assets, so it is going to sell them today at a price of $145,000. The assets are classified as 5-year property for MACRS. The MACRS table values.2000,.3200,.1920,.1152,.1152, and.0576 for Years 1 to 6, respectively. What is the current book value of these assets?

		$110,592
		$103,680
		$96,768
		$89,856
		$82,944