Question 24 (1 point) KAL Corporation has its common stock selling for $40/share and the expected dividend one year from today(D) is $2.40/share. If dividends are expected to grow at 6% per year for ever; then the firm's cost of retained earnings (equity) is 12.0% 10.4% 6.0% 12.36% Question 25 (1 point) Given the following information, calculate the cost of equity for the firm:. (Risk free rate) R21 = 2%; (market rate of return) Rm = 12% & (beta) be = 0.8 10% 17% 18% 13% Question 26 (1 point) Given the following information, calculate the cost of equity for the firm:. (Risk free rate) R1 = 4%; (market rate of return) m = 14% & (beta) be = 1.3 10% 13% 17% 18% Question 27 (1 point) If the before tax cost of debt is 11%; and the tax rate is 35%; calculate the after tax cost of debt: a. 3.85% b. 5.85% C. 13.85% d. 16.92% e. 7.15% 7.15% 5.85% 3.85% 16.92% Question 28 (1 point) If the before tax cost of debt is 10%; and the tax rate is 21%%; calculate the after tax cost of debt 2.1% 5.85% 12.7% 7.9% Question 29 (1 point) Which of the following is (are) true of "weighted average cost of capital" (WACC) ? 1) WACC is expressed as a percentage II) WACC is the discount rate used for an average risk project III) the objective is to minimize WACC for a firm I only Il only I, II & III I & ll only