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Check my work Below is information regarding the capital structure of Micro Advantage Inc. On the basis of this information you are asked to respond
Check my work Below is information regarding the capital structure of Micro Advantage Inc. On the basis of this information you are asked to respond to the following three questions: 0.25 points eBook Required: 1. Micro Advantage issued a $5,650,000 par value, 19-year bond a year ago at 96 (i.e., 96% of par value) with a stated rate of 10%. Today, the bond is selling at 115 (i.e., 115% of par value). If the firm's tax bracket is 35%, what is the current after-tax cost of this debt? 2. Micro Advantage has $5,650,000 preferred stock outstanding that it sold for $23 per share. The preferred stock has a per share par value of $23 and pays a $4 dividend per year. The current market price is $25 per share. The firm's tax bracket is 28%. 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 78,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $160 per share. The expected after-tax market return on the firm's common equity is 21%. What is Micro Advantage's weighted-average cost of capital (WACC)? References Required 1 Required 2 Required 3 Micro Advantage issued a $5,650,000 par value, 19-year bond a year ago at 96 (i.e., 96% of par value) with a stated rate of 10%. Today, the bond is selling at 115 (i.e., 115% of par value). If the firm's tax bracket is 35%, what is the current after- tax cost of this debt? (Round your answer to 2 decimal places. (i.e. .1234 = 12.34%) Current after-tax cost of this debt Required 1 Required 2 Required 3 Micro Advantage has $5,650,000 preferred stock outstanding that it sold for $23 per share. The preferred stock has a per share par value of $23 and pays a $4 dividend per year. The current market price is $25 per share. The firm's tax bracket is 28%. What is the after-tax cost of the preferred stock? (Round your answer to 2 decimal places. (i.e. .1234 = 12.34%)) After-tax cost of the preferred stock ! % Required 1 Required 2 Required 3 In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 78,000 shares of common stock outstanding par value of $10 per share and a current market price of $160 per share. The expected after-tax market return on the firm's common equity is 21 Micro Advantage's weighted average cost of capital (WACC)? (Round "Interest or Dividend Rate", "After-tax Rate or Expected Return" and "Costo Components" to 2 decimal places (i.e. .1234 = 12.34%), "Weights" to 3 decimal places, and other answers to the nearest whole dollar amount.) Book Value Interest or Dividend Rate After-tax Rate or Expected Return Current Market Values Weights Cost of Capital Components Bond Preferred Stock olo Common Stock Total
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