Question 14 (5 points) The regular payback period is a better capital budgeting tool than the discounted payback period because the regular payback period accounts for time value of money. (True/False) True False Question 15 (5 points) To help finance a major expansion, Lopez Chemical Company sold a noncallable bond several years ago that now has 20 years to maturity. This bond has a 9.25% annual coupon, paid semiannually, sells at a price of $1,025, and has a par value of $1,000. The cost of common equity is 11.26%, the firm's tax rate is 40%, and the target capital structure consists of 50% debt and 50% common equity. What is the company's WACC? Do not round your intermediate calculations. (Multiple Choice) 6.98% 8.32% 10.12% 7.87% 5.39%