Consider company XYZ that is getting 16% of its funding through bonds and the rest through shares. Its marginal tax rate is equal to 7%. The yield to maturity on its bonds is 5% and the required rate of return on shares is equal to 8%. Calculate the WACC. (write your answer in decimal points, at least three digits after the decimal place) Answer: page Next page Historical returns for stocks A and B over the past 4 years are listed below. Imagine 2.6% you have invested in A and the rest in B stock. Calculate average return for your portfolio. Year A Return B Return 2016 10 12 2017 12 8 2018 15 8 2019 10 12 Note: Do not round your answer. Write the answer without "%" sign. For example, if average return for your portfolio is 10.3%, write 10.3 Answer: a 0 2 3 4 $3,000 $1,000 Project X -$10,000 $6,500 $3,000 Calculate Project X NPV if WACC=9% (round your answer to the nearest hundredth, have two decimal digits) Answer: Fletcher Company's current stock price is $36, its last dividend was $2.40, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, what is Fletcher's expected stock price 9 years from now? (Round your answer to the nearest hundredth, have two decimal digits after decimal place) Answer: Finish attempt