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Bay Milling, Inc. has $20,865 of raw materials inventory at the end of March. The company's anticipated sales for April and May will include raw

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Bay Milling, Inc. has $20,865 of raw materials inventory at the end of March. The company's anticipated sales for April and May will include raw materials costing $32,100 and $35,400, respectively. Bay Milling has a policy of carrying monthly opening raw materials inventory equal to 65% of what is built into the expected sales for the month. What raw materials purchases is the company expecting to make in April? [Enter your answer to the nearest USD. Do not use a dollar sign or commas to separate thousands, just enter the number] Florida Groves has a $380,000 bond issue outstanding that is selling at 97.4% of face value. The firm also has 2,600 shares of preferred stock valued at $61 a share and 37,500 shares of common stock valued at $19 a share. What weight should be assigned to the common stock when computing the weighted average cost of capital? [Enter your answer as a percent with two decimal places. Do not use the percent sign. So, if your answer is 42.45 percent then just enter your answer as 42.45]

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