Please I need it for tonight by 11:45 PM. If you can't deliver by then please let me know!

Chapter 11 1. In March 2010, Hertz Pain Relievers bought a massage machine that provided a return of 8 percent. It was financed by debt costing 7 percent. In August 2010, Mr. Hertz came up with a heating compound that would have a return of 14 percent. The Chief Financial Officer, Mr. Smith, told him it was impractical because it would require the issuance of common stock at a cost of 16 percent to finance the purchase. Is the company following a logical approach to using its cost of capital? 2. Speedy Delivery Systems can buy a piece of equipment that is anticipated to provide an 11 percent return and can be financed at 6 percent with debt. Later in the year, the firm turns down an opportunity to buy a new machine that would yield a 9 percent return but would cost 15 percent to finance through common equity. Assume debt and common equity each represent 50 percent of the firm's capital structure. a. Compute the weighted average cost of capital. b. Which project(s) should be accepted? 3. A brilliant young scientist is killed in a plane crash. It is anticipated that he could have earned $240,000 a year for the next 50 years. The attorney for the plaintiff's estate argues that the lost income should be discounted back to the present at 4 percent. The lawyer for the defendant's insurance company argues for a discount rate of 8 percent. What is the difference between the present value of the settlement at 4 percent and 8 percent? Compute each one separately. 4. Telecom Systems can issue debt yielding 9 percent. The company is in a 30 percent bracket. What is its aftertax cost of debt? 5. Calculate the aftertax cost of debt under each of the following conditions. Yield Corporate Tax Rate a) 8.0% 18% b) 12.0 34% c) 10.6 15% 6. Calculate the aftertax cost of debt under each of the following conditions. Yield Corporate Tax Rate d) 8.0% 26% e) 9.0 35% f) 0% 8.0 16. Murray Motor Company wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D1) of $2.50 per share, and the current price of its common stock is $50 per share. The expected growth rate is 8 percent. a. Compute the cost of retained earnings (Ke). Use Formula 11-5. b. If a $3 flotation cost is involved, compute the cost of new common stock (Kn). Use Formula 11-6. 17. Compute K e and K n under the following circumstances: a. D1 = $5.00, P0 = $70, g = 8%, F = $7.00. b. D1 = $0.22, P0 = $28, g = 7%, F = $2.50. c. E1 (earnings at the end of period one) = $7, payout ratio equals 40 percent, P0 = $30, g = 6.0%, F = $2.20. d. D0 (dividend at the beginning of the first period) = $6, growth rate for dividends and earnings ( g ) = 7%, P0 = $60, F = $3