Please help I am taking a test. Need answers asap!

Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $850, and the company's tax rate is 40%. What is the component cost of debt for use in the WACC calculation? 4.94% 4.02% 4.69% 4.58% 5.15% Which of the following statements is CORRECT? Corporate shareholders are exposed to unlimited liability, but this factor is offset by the tax advantages of incorporation. One danger of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt. This problem would be avoided if you formed a corporation to operate the business. If a corporation elects to be taxed as an S corporation, then both it and its stockholders can avoid all Federal taxes. This provision was put into the Federal Tax Code in order to encourage the formation of small businesses. The more capital a firm is likely to require, the smaller the probability that it will be organized as a corporation. It is generally easier to transfer one's ownership interest in a partnership than in a corporation. Temple Corp. is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight-line method over its 3-year life, and would have a zero salvage value. No change in net operating working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the projects NPV? Risk-adjusted WACC 10.0% Net investment cost (depreciable basis) $65,000% Straight-line depr. rate 33.3333% Sales revenues, each year $64, 500 Annual operating costs (excl. depr.) $25,000 Tax rate 35.0% $16, 291 $20, 718 $19, 302 $16, 823 $17, 708