Today is January 1, 2022. Adina owns 500 shares of Colorwheel stock. The company recently stated that it would pay a $1 per share in cash dividend on December 31, 2022, a $2.50 per share dividend on December 31, 2023, and then will cease all dividend payments. Adina does not want any dividend income this year but wants as much dividend income as possible next year. Adina can earn 8 percent on her investments. Ignoring taxes, what will Adina's homemade dividend per share be in 2023? a. $3.58 b. $3.78 c. $3.50 The common stock of Plank Communications has a beta of 1.37, the risk-free rate is 3.4 percent, and the market risk premium is 8.2 percent. The yield to maturity on the firm's bonds is 7.6 percent and the debt-equity ratio is 0.45. What is the WACC if the tax rate is 23 percent and all interest is tax-deductible? a. 12.60% b. 14.07% c. 11.91%