Question 17 (3 points) Doanne Food Processing expects to have 54,000 pounds of raw materials inventory on hand on March 31, the end of the current year. The company budgets the following production (in units) for April through July, inclusive: April 138,000 May 148,000 June 175,000 July 138,000 At the end of each month the firm desires its ending raw material inventory to be 10% of the next month's production needs. Each finished unit requires four pounds of raw materials. Doanne's budgeted purchases for raw materials (in pounds) during April should be: Question 17 options: $557,200. $611,200. $552,000. $665,200. $259,000. Question 18 (2 points) LeMinton Company expects the following credit sales for the first five months of the year: January, $45,000; February, $60,000; March, $50,000; April, $56,000, May $60,000. Experience has shown that payment for the credit sales is received as follows: 60% in the month of sale, 20% in the first month after sale, 15% in the second month after sale, and the remainder is uncollectible. How much cash can LeMinton Company expect to collect in March as a result of credit sales (current and past)? Question 18 options: $64,050. $50,000. $30,000. $48,750. $38,850. Question 19 (2 points) XYZ Corporation's capital structure consists of 70% debt (with a pretax cost of 10%), and the balance of common equity (with a cost of 15%). The company's income tax rate (federal and state combined), t, is 30%. XYZ's weighted-average cost of capital (WACC), to one decimal point, is: Question 19 options: 9.4%. 8.2%. 11.2%. 11.8%. 8.8%.