Below is information regarding the capital structure of Micro Acvantage Incorporated. On the basis of this information you are asked to respond to the following three questions: Required: 1. Micro Advantage issued a $5,450,000 par value, 20-year bond a year ago at 98 (Le, 98% of par value) with a stated rate of 5%. Today, the bond is selling at 115 (i.e. 115% of par value). If the firm's tax brocket is 30%, what is the current after-tax cost of this dobr? 2. Micro Advantage has $5,270,000 preferred stock outstanding that it sold for $23 per share. The preferred stock has a per share per value of $24 and pays a $3 dividend per year. The current market price is $30 per share. The firm's tax bracket is 30%. What is the after-tax cost of the preferred stock? 3. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 58,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $190 per share. The expected after-tax market return on the firm's common equity is 20%. What is Micro Advantage's weighted-average cost of capital (WACC)? Complete this question by entering your answers in the tabs below. Micro Advantage issued a $5,450,000 par value, 20-year bond a year ago at 98 (i.e., 98% of par value) with a stated rate of 5%. Today, the bond is seiling at 115 (i.e., 115% of par value). If the firm's tax bracket is 30%, what is the current after-tax cost of this debt? (Round your answer to 2 decimal places. (i.e. 1234=12.34% )) Below is information regarding the copital structure of Micro Actantage incorporated. On the basis of this information you are asked to respond to the following three questions: Required: 1. Micro Advantage issued a $5,450,000 par value, 20 -year bond a year ago at 98 (he., 98% of par value) with a stated rate of 5%. Today, the bond is selling at 115(1.0,115% of par value). If the firm's tax bracket is 30%, what is the current after-tax cost of this debe? 2. Micro Advantage has $5,270,000 preferred stock outstanding that it sold for $23 per share. The preferred stock has a per share par value of $24 and pays a $3 dividend per year, The current market price is $30 per share. The firm's tax bracket is 30%. What is the after-tax cost of the preferred stock? 3. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 58,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $190 per share. The expected after-tax market return on the firm's common equity is 20%. What is Micio Advantages weighted-average cost of capitai (WACC)? Complete this question by entering your answers in the tabs below. Micro Advantage has $5,270,000 preferred stock outstanding that it sold for $23 per share. The proferred stock has a per share par value of $24 and pays a $3 dividend per year. The current market price is $30 per share. The firm's tax bracket is 30%. What is the after-tax cost of the preferred stock? (Round your answer to 2 decimal places. (i.e. . 1234=12.34% )) Below is information regarding the capital structure of Micro Advantage incorporated. On the basis of this information you are asked to respond to the following three questions: Required: 1. Micro Advantage issued a $5,450,000 par value, 20 -year bond a year ago at 98 (Le., 98% of par value) with a stated rate of 5%. Today, the bond is selling at 115 (i.e., 115% of par value). If the firm's tax bracket is 30%, what is the current after-tax cost of this debt? 2. Micro Advantage has $5,270,000 preferred stock outstanding that it sold for $23 per share. The preferred stock has a per share par value of $24 and pays a $3 dividend per year. The current market price is $30 per share. The firm's tax bracket is 30%. What is the after-tax cost of the preferred stock? 3. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 58,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $190 per share. The expected after-tax market return on the firm's common equity is 20%. What is Micro Advantage's weighted-average cost of capital (WACC)? Complete this question by entering your answers in the tabs below. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 58,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $190 per share. The expected ofter-tax market return on the firm's common equity is 20%. What is Micro Advantage's weighted-average cost of capital (WACC)? (Round "Interest or Dividend Rate", "After-tax Rate or Expected Return" and "Cost of Capital Components" t
