Question 1 (1 point) 1. Lion Inc. recently hire you as a consultant to estimate the company's WACC. You have obtained the following information 1. The firm's bonds mature in 20 years, have an 8% annual coupon, a par value of $1,000, and a market price of $1,050 2. The company's tax rate is 40% 3. The rate of return of stock is 11.10% 4. The target capital structure consists of 35% debt and the remainder is common stock, Please identify the company's WACC 7.16% 7.54% 7.93% 8.35% 8.79% Question 2 (1 point) What is the price of a bond if the par value is $1000, coupon rate is 5% (paid semi-annually, has 20 years to maturity and the market rate is 8%? $683.11 $703.11 $813.11 $923.11 $1,063.21 Page 1: Question 1 (1 point) What would be the present value of $1000 received three years from today if the discount rate is 17 1 2 3 $826.52 4 5 6 $711.78 $900 exactly $1,000 Question 2 (1 point) The goal of a corporation is best described as: Maximizing gross profit Maximizing proft Maximizing directors' salaries Maximizing equity stockholder wealth Question 3 (1 point) What is the VTM of a bond with a par value of $1,000, selling currently for $800 if the bond pays 574 20 in annual coupon and has 15 years left to maturity? 10.06% Between 8-9% 11.23% 13.76%