A firm's total assets are $1469 mln. The firm funds the assets with $272 mln of debt, $133 mln. of preferred stock, and the remainder with common equity. What is the firm's WACC if its pre-tax cost of debt is 5.3%, cost of preferred stock is 7.5%, cost of common equity is 17.3%, and the tax rate is 18%? Express your answer in %, to the nearest 0.01%; drop the % symbol.

Answer: 14.01

(Stocks)A stock with a beta of 1.48is expected to pay a $1.89 dividend over the next year. The dividends are expected to grow at 1.51% per year forever.What is the stock's value per share (to the nearest cent, no $ symbol) if the risk-free rate is 0.33% and the market risk premium (i.e., the difference between the market return and the risk-free rate) is 6.11%?

Note: You first need to find the required rate of return (r) using the CAPM equation.

Answer: 24.04

Hint: :V= D1/(r-g); D1 is given; find r using the CAPM equation.

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