Sixx AM Manufacturing has a target debtequity ratio of 0.54. Its cost of equity is 17 percent, and its cost of debt is 11 percent. If the tax rate is 33 percent, what is the company's WACC?

Jiminy's Cricket Farm issued a 30-year, 7 percent semi-annual bond 5 years ago. The bond currently sells for 87 percent of its face value. The book value of the debt issue is $17 million. The company's tax rate is 32 percent.

In addition, the company has a second debt issue on the market, a zero coupon bond with 5 years left to maturity; the book value of this issue is $81 million and the bonds sell for 76 percent of par.

Required:

(a)	What is the company's total book value of debt?(Do not round your intermediate calculations.)
	(Click to select)118,240,000119,050,00098,000,00076,350,00076,950,000

(b)	What is the company's total market value of debt?(Do not round your intermediate calculations.)
	(Click to select)79,404,00072,532,50098,000,00080,167,50076,350,000

(c)	What is your best estimate of the aftertax cost of debt?(Do not round your intermediate calculations.)

You borrow $165,000 to buy a house. The mortgage interest rate is 7.5 percent and the loan period is 30 years. Payments are made monthly. What is your monthly mortgage payment?

Grand Adventure Properties offers a 9.5 percent coupon bond with annual payments. The yield to maturity is 11.2 percent and the bond matures 11 years from today. What is the market price of this bond if the face value is $1,000?