Your portfolio has a beta of 1.36. The portfolio consists of 14 percent U.S. Treasury bills, 24 percent stock A, and 62 percent stock B. Stock A has a risk level equivalent to that of the overall market. What is the beta of stock B?

1.52

0.55

0.88

1.81

5.67

Sixx AM Manufacturing has a target debtequity ratio of 0.65. Its cost of equity is 16 percent, and its cost of debt is 5 percent. If the tax rate is 34 percent, what is the companys WACC? (Round your answer to 2 decimal places. (e.g., 32.16))

WACC

%

You are given the following information for Lightning Power Co. Assume the companys tax rate is 40 percent.

Debt:	8,000 6.3 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock:	350,000 shares outstanding, selling for $53 per share; the beta is 1.09.
Preferred stock:	13,000 shares of 3 percent preferred stock outstanding, currently selling for $73 per share.
Market:	10 percent market risk premium and 4.30 percent risk-free rate.

What is the company's WACC? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

WACC

%

An investment project has annual cash inflows of $4,600, $3,700, $4,900, and $4,100, and a discount rate of 13 percent.

What is the discounted payback period for these cash flows if the initial cost is $5,500? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Discounted payback period

years

What is the discounted payback period for these cash flows if the initial cost is $7,600? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Discounted payback period

years

What is the discounted payback period for these cash flows if the initial cost is $10,600? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Discounted payback period

years