ONLY 12, 17 please

if the cost of debt is 10 per cent and the company is subject to a 50 per cent company takate 16.12 Practical considerations in capital structure choice: List and describe three practical con- siderations that concern managers when they make capital structure decisions. 16.13 M&M Proposition 1: Gosford Chiropractic Clinics produces s300000 of cash flow each year. O The company has no debt outstanding, and its cost of equity capital is 25 per cent. The company would like to buy back $600000 of its equity by borrowing a similar amount at a rate of 8 per cent per year. If we assume that the debt will be perpetual, find the cost of equity capital for Gosford after it changes its capital structure. Assume that Modigliani and Miller Proposition 1 holds. 16.14 M&M Proposition 1: Penguin Ltd has a current WACC of 21 per cent. If the cost of debt capital for the company is 12 per cent and the company is currently financed with 25 per cent debt, then what is the current cost of equity capital for the company? Assume that the assumptions in Modigliani and Miller's Proposition 1 hold 16.15 M&M Proposition 1: Evaluate the effect on Modigliani and Miller's Proposition 1 of relaxing the assumption that there are no information or transaction costs. 16.16 M&M Proposition 1: The weighted average cost of capital for a company (assuming all three Modigliani and Miller assumptions) is 15 per cent. What is the current cost of equity capital for the company if its cost of debt is 10 per cent and the proportion of debt to total company value for the company is 0.5? 16.17 M&M Proposition 2: Mikos Processed Foods is currently valued at $500 million. Mikos will be repurchasing $100 million of its equity by issuing a non-maturing debt issue at a 10 per cent annual interest rate. Mikos is subject to a 30 per cent company tax rate. Given all of the Modigliani and Miller assumptions, except the assumption that there is no tax, what will the value of Mikos be after the recapitalisation? 16.18 M&M Proposition 2: Blackwood Resources has a WACC of 12.6 per cent, and it is subject