UMUTU TUU ILU uur mig Telement and believes he will live 20 years after retirement, how much does he need to save by the time he retires? (5 marks) (e) Ms. Moodine will pay out $6,000 at the end of the year 2, $8,000 at the end of year 3, and receive $10,000 at the end of year 4. With an interest rate of 13 percent, what is the net value of the payments vs. receipts in today's dollars? (5 marks) (Total: 25 marks) MacBook Air IULULIUL LUSUS lave been estimated at 8% of common stock and 3% of preferred stock. Zinger Corp. has bonds outstanding at 6%, but its investment banker has informed the company that interest rates for bonds of equal risk are currently yielding 5%. Zinger's tax rate is 40%. Calculate the cost of debt after tax, cost of preferred stock, cost of internal common stock and weighted average cost of capital of Zinger Corporation. (10 marks) (d) Using the CAPM (capital asset pricing model), what is the required rate of return for an investment with a Beta of 1.8, a risk free rate of return of 4%, and a market rate of return of 10%. (5 marks) (Total: 25 marks) Question 3 (a) Assume a $60,000 investment and the following cash flows for two alternatives: MacBook Air