Filer Manufacturing has 5 million shares of common stock outstanding. The current share price is $77, and the book value per share is $8. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $60 million, has a 6 percent coupon, and sells for 97 percent of par. The second issue has a face value of $30 million, has a 7 percent coupon, and sells for 105 percent of par. The first issue matures in 21 years, the second in 4 years. The most recent dividend was $4.9 and the dividend growth rate is 6 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 40 percent Required: What is the company's WACC? (Do not round your intermediate calculations.) Multiple Choice O 11.02% O 6.26% O 5.59% O 11.85% O 5.93% Consider the following information for Evenflow Power Co., Debt: Common stock: 6,000 6 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 126,000 shares outstanding, selling for $59 per share; the beta is 1.08. 21,000 shares of 5 percent preferred stock outstanding, currently selling for $106 per share. 7.5 percent market risk premium and 4 percent risk-free rate. Preferred stock: Market Assume the company's tax rate is 35 percent Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice O 8.53% 7.88% 8.16% O 7.76% O 7.66% Holdup Bank has an issue of preferred stock with a $10 stated dividend that just sold for $95 per share. What is the bank's cost of preferred stock? Multiple Choice O 10.00% O 10.11% O 11.05% O 10.53% O 10.95% The Down and Out Co. just issued a dividend of $2.46 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. If the stock sells for $35 a share, what is the company's cost of equity? (Do not round your intermediate calculations.) Multiple Choice O 12.03% 13% 12.38% O 11.76% 0 7.52% Sixx AM Manufacturing has a target debt-equity ratio of 0.55. Its cost of equity is 18 percent, and its cost of debt is 11 percent. If the tax rate is 33 percent, what is the company's WACC? Multiple Choice O 13.52% O 14.23% O 11.14% O 12.15% O 14.94% The Up and Coming Corporation's common stock has a beta of 1. If the risk-free rate is 5.5 percent and the expected return on the market is 10 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) Multiple Choice O 10.4% 10% O O 10.5% O 9.5% O 15.5% Filer Manufacturing has 5 million shares of common stock outstanding. The current share price is $77, and the book value per share is $8. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $60 million, has a 6 percent coupon, and sells for 97 percent of par. The second issue has a face value of $30 million, has a 7 percent coupon, and sells for 105 percent of par. The first issue matures in 21 years, the second in 4 years. The most recent dividend was $4.9 and the dividend growth rate is 6 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 40 percent Required: What is the company's WACC? (Do not round your intermediate calculations.) Multiple Choice O 11.02% O 6.26% O 5.59% O 11.85% O 5.93%