Choose the correct answer following: 10. At year end, Elm Company's balance sheet showed total assets of $80 million, total liabilities (including preferred stock) of $60 million, and 2,000,000 shares of common stock outstanding. Based on this information, Elm's book value per share of common stock is a. $10.00 b. $15.00 c. $22.00 d. $25.00 11. The before-tax cost of debt for a firm, which has a marginal tax rate of 30 percent, is 10 percent. The after-tax cost of debt is A) 4.8 percent B) 6.0 percent C) 7.0 percent D) 10 percent 13. Cookie Monster, Inc is a company that is in need of cash for end-of-year planning and is considering using a Line of Credit (LOC). Which of the following statements is true about a LOC? a. The LOC will be open for a long period of time. b. The LOC is guaranteed indefinitely by the bank. c. The LOC requires no application or documentation by Cookie Monster, Inc. d. The LOC is for a short period of time, usually 1 year