Pac Man, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/15, net 90. Based on experience, 80 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round Intermediate calculations.) b. If the company sells 1,240 forecasts every month at a price of $1,850 each, what is its average balance sheet amount in accounts receivable? (Use 365 days a year. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) a. days Average collection period b. Average balance A firm has a cost of debt of 6.5 percent and a cost of equity of 10.1 percent. The debt-equity ratio is.45. There are no taxes. What is the firm's weighted average cost of capital? Multiple Choice 8.98% 8.08% 8.29% Multiple Choice O 8.98% O O 8.08% .O 8.29% 7.499