Peter's Audio Shop has a cost of debt of 7 percent, a cost of equity of 11 percent, and a cost of preferred stock of 8 percent. The firm has a target capital structure of 53% equity, 34% preferred stock and 13% debt. The company's tax rate is 34 percent. What is the weighted average cost of capital (WACC) for Peter's Audio Shop? 9.45 percent 9.15 percent 6.54 percent 6.14 percent 8.60 percent You inherited an oil well that will pay you $25,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 7.5%, how much should you ask for it if you decide to sell it? $284,595 $299,574 $314,553 $330,281 $346,795 At a rate of 6.5%, what is the future value of the following cash flow stream? Years: 1 3 0 + $0 2 + $225 CF's: $75 + $300 $0 $526.01 $553.69 $582.83 $613.51 $645.80