Question 1 1 pts You have collected the following data about a company. The yield on the company's outstanding bonds is 7.75%, its tax rate is 40%, the next expected dividend is $0.75 a share, the dividend is expected to grow at a constant rate of 6.00% a year, the price of the stock is $15.00 per share the flotation cost for selling new shares is 10% (i.e., F = 10%). If the company wants to use 45% debt and 55% common equity in its capital structure, what is the firm's WACC? Assuming it must issue new stock to finance its capital budget. 6.89% 7.26% 8.44% 8.04% 7.64% Question 2 1 pts Herring Corporation has operating income of $275,000 and a 25% tax rate. The firm has notes payable of $143.000, long-term debt of $323,000, and common equity of $495,000. What is its return on invested capital? 23.38% 24.23% 21.46% 20.88% 22.13%