solve following tasks

11. A company has 100,000 bonds outstanding with a $1,000 face value that are currently priced at 95% of face value. What is the market value of the companys debt?_____

12. Suppose a company is valued by the market at $60 million and is financed with both debt and common equity. Currently, the company has a market value of equity of $20 million, of which the company is financed with $7 million of external equity and $13 million of internal equity. The company also has a market value of short-term debt of $15 million and a market value of long-term debt of $25 million. The cost of equity is 14%, the cost of short-term debt is 9%, and the cost of long-term debt is 10.5%. Further, flotation costs on the external equity have summed to 3%. If the marginal tax rate is 34%, what is the weighted-average cost of capital? (Round to the nearest hundredth.)_________

13. True or false: A firm that has greater volatility in its stock price is likely to have a lower cost of capital.

True

False

14. Suppose a company has a before-tax cost of debt of 10%, cost of common equity of 22%, cost of preferred equity of 15%, and marginal tax rate of 40%. Also, assume that the fraction of the firms total market value that is made up from debt is 0.45, made up from common equity is 0.35, and made up from preferred equity is 0.20. What is the firms WACC? (Round to the nearest hundredth.)____________

15. Suppose a company is financed with 100% debt. Of the companys debt, 67% is made up of long-term debt. The yield on the companys short-term debt is 8%, and the yield on the long-term debt is 10.2%. If the marginal tax rate is 34%, what is the weighted-average cost of capital? (Round to the nearest hundredth.)________

16. A firm just announced a new preferred stock issue. The preferred dividend, which will be paid in perpetuity, is expected to be $4.10. The price per share of preferred stock is expected to be $37. Given this information, what is the cost of preferred equity as a percent? (Round to the nearest hundredth.)____________