The Cookie Stop's purchases are equal to 60 percent of the following month's sales. The accounts payable period for purchases is 30 days while all other expenditures are paid in the month they are incurred. Assume each month has 30 days. The company has compiled the following information. 8. June $7.500 April $6.800 May $7.100 1,550 Sales 1.700 380 Other expenses Interest and taxes 1,400 350 360 What is the total amount of the firm's disbursements for the month of May? A. $5,990 B. $6,170 C. $6,410 D. $6,520 E. $6,730 9. Musical Charts just paid an annual dividend of $2.45 per share. This dividend is expected to increase by 3.3 percent annually. Currently, the firm has a beta of 1.09 and a stock price of $36 a share. The risk-free rate is 4.2 percent and the market rate of return is 12.6 percent. What is the cost of equity capital for this firm? a high