You want your daughter to be a millionaire. She is three years old today when you deposit $40,000 in an account that earns 5.9% per year. The funds in the account will be distributed to your daughter whenever the total reaches $1,000,000. How old will your daughter be when she gets the money? o 59 O 62 49 56 Question 29 4 pts A firm has 12,000 shares of common stock outstanding with a market value of $39 per share. There are 5,000 shares of preferred stock with a market value of $26. There is a $400,000 face value bond issue outstanding that is selling at 87% of par. What weight should be placed on the preferred stock when computing the firm's WACC? 13.74% O 7.25% 15.09% 11.48%