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A firm is considering a project with the following cash flow and WACC data. What is the project's IRR? Enter your answer as a percentage

A firm is considering a project with the following cash flow and WACC data. What is the project's IRR? Enter your answer as a percentage rounded to 2 decimal places, e.g., if your answer is 45.678, enter 45.68.

WACC=12%

Year:

0

1

2

3

4

Cash flows:

-$600

$200

$175

$150

$100

A firm has preferred stock outstanding that pays a $5 dividend every year, in perpetuity. If this stock currently sells for $200 per share, what is the cost of preferred stock?

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