Acompany’s balance sheets show a total of $30 million long-term debt with a coupon rate of 9 percent. the yield to maturity on this debt is 11.11 percent, and the debt has a total current market value of $25 million. the balance sheets also show that that the company has 10 million shares of stock; the total of common stock and retained earnings is $30 million. the current stock price is $7.5 per share. the current return required by stockholders, rs, is 12 percent. the company has a target capital structure of 40 percent debt and 60 percent equity. the tax rate is 40%. what weighted average cost of capital should you use to evaluate potential projects

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

An essential element of being receptive to messages is to have an open mind true or false