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please answer all questions Below is information regarding the capital structure of Micro Advantage inc. On the basis of this information you are asked to

please answer all questions
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Below is information regarding the capital structure of Micro Advantage inc. On the basis of this information you are asked to respond to the following three questions: Required: 1. Micro Advantage issued a $5,650,000 par value, 19-year bond a year ago at 96 (i.e., 96% of par value) with a stated rate of 10%. Today, the bond is selling at 115 (i.e., 115% of par value). If the firm's tax bracket is 35%, what is the current after-tax cost of this debt? 2. Micro Advantage has $5,650,000 preferred stock outstanding that it sold for $23 per share. The preferred stock has a per share par value of $23 and pays a $4 dividend per year. The current market price is $25 per share. The firm's tax bracket is 28%. What is the after-tax cost of the preferred stock? 3. In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 78,000 shares of common stock outstanding that has a par value of $10 per share and a current market price of $160 per share. The expected after-tax market return on the firm's common equity is 21%. What is Micro Advantage's weighted-average cost of capital (WACC)? Complete this question by entering your answers in the tabs below. Micro Advantage issued a $5,650,000 par value, 19 -year bond a year ago at 96 (i.e., 96% of par value) with a stated rate of 10%. Today, the bond is selling at 115 (i.e., 115% of par value). If the firm's tax bracket is 35%, what is the current after-tax cost of this debt? (Round your answer to 2 decimal places. ( (.e. . 1234=12.34% ))

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