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Please fill the attached table correctly as some of my answers were marked wrong.Below is information regarding the capital structure of Micro Advantage Incorporated. On

Please fill the attached table correctly as some of my answers were marked wrong.Below is information regarding the capital structure of Micro Advantage Incorporated. On the basis of this information you are asked to
respond to the following three questions:
Required:
Micro Advantage issued a $5,950,000 par value, 20-year bond a year ago at 98(i.e.,98% of par value) with a stated rate of 5%.
Today, the bond is selling at 110(i.e.,110% of par value). If the firm's tax bracket is 30%, what is the current after-tax cost of this debt?
Micro Advantage has $5,570,000 preferred stock outstanding that it sold for $25 per share. The preferred stock has a per share par
value of $24 and pays a $3 dividend per year. The current market price is $30 per share. The firm's tax bracket is 30%. What is the
after-tax cost of the preferred stock?
In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 71,000 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 20%. What is Micro Advantage's weighted-average cost of capital (WACC)?
Complete this question by entering your answers in the tabs below.
Required 3
In addition to the bonds and preferred stock described in requirements 1 and 2, Micro Advantage has 71,000 shares of common stock outstanding that has a pa
value of $10 per share and a current market price of $160 per share. Please fill the attached table correctly as some on my answer were wrong.
The expected after-tax market return on the firm's common equity is 20%. What is Micro
Advantage's weighted-average cost of capital (WACC)?(Round "Interest or Dividend Rate", "After-tax Rate or Expected Return" and "Cost of Capital Component
to 2 decimal places (i.e.1234=12.34%), "Weights" to 3 decimal places, and other answers to the nearest whole dollar amount.)
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