the net present value (or NPV) criteria for capital budgeting decisions assumes that expected future cash flows are reinvested at ______, and the Internal Rate of Return (IRR) criteria assumes that expected future cash flows are reinvested at _____.

For independent projects, a corporation should accept a project as long as its _____ its greater than or equal to zero or its ______ its greater than or equal to the corporations WACC.

Aphid Corp. will finance its next major expansion with 20% debt, 30% preferred stock, and 50% retained earnings. Aphid's after-tax cost of debt is 5%, cost of preferred stock is 8.5%, and cost of retained earnings is 12.6%. What is the corporations weighted average cost of capital? Sumbit your answer as a percentage and round to two decimal places