Question 29 1 pts To help finance a major expansion, Castro 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 $875, and has a par value of $1,000. If the firm's tax rate is 25%, what is the component cost of debt for use in the WACC calculation? Do not round your intermediate calculations. 8.09% 6,60% 7.77% 7.30% 6.47% D Question 31 1 pts Houston Pumps recently reported $172,500 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciation. The company had $35,250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $15,250 to buy new fixed assets and to invest $6,850 in net operating working capital. What was the firm's free cash flow? $1.978 $1,860 $2.286 $5,354 $4,213 1 pts Question 32 Herring Corporation has operating income of $275,000 and a 25% tax rate. The firm has short-term debt of $143,000, long- term debt of $323,000, and common equity of $466,000. What is its return on invested capital? 23.38% 21.46% 24.23% 20.88% 22.13%