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The Turner Corp is a large publicly listed campany. The CFO has collected the following facts about the company: - The yield on a government

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The Turner Corp is a large publicly listed campany. The CFO has collected the following facts about the company: - The yield on a government bond is 2.0%. - It is believed that the risk premium of the firm is 1.6%. - The company's common stock price is $29.4 per share and recently paid a dividend of $2 per share, which is expected to grow at a constant rate of 2.9% per year. - The company preference shares currently trade at $58.7 per share and pay a preference dividend of 10.0% on a par value of $60. - The company's capital structure is 65.0% common equity, 10.0% preference shares, and 25.0% debt. - The company's tax rate is 40.0%. Answer the following questions about Turner Corp: [1 mark] What's the company's cost of common equity? \% (Give answer as \% to 2 decimal places) [1 mark] What's the company's cost of preferred equity? IG (Give answer as % to 2 decimal places) [1 mark] What's the company's before tax cost of debt? % (Give answer as % to 2 decimal places) [2 marks] What is the company's after-tax WACC? \% (Give answer as % to 2 decimal places) The Turner Corp is a large publicly listed campany. The CFO has collected the following facts about the company: - The yield on a government bond is 2.0%. - It is believed that the risk premium of the firm is 1.6%. - The company's common stock price is $29.4 per share and recently paid a dividend of $2 per share, which is expected to grow at a constant rate of 2.9% per year. - The company preference shares currently trade at $58.7 per share and pay a preference dividend of 10.0% on a par value of $60. - The company's capital structure is 65.0% common equity, 10.0% preference shares, and 25.0% debt. - The company's tax rate is 40.0%. Answer the following questions about Turner Corp: [1 mark] What's the company's cost of common equity? \% (Give answer as \% to 2 decimal places) [1 mark] What's the company's cost of preferred equity? IG (Give answer as % to 2 decimal places) [1 mark] What's the company's before tax cost of debt? % (Give answer as % to 2 decimal places) [2 marks] What is the company's after-tax WACC? \% (Give answer as % to 2 decimal places)

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