Dinklage corp. has 7 million shares of common stock outstanding. the current share price is $83, and the book value per share is $8. the company also has two bond issues outstanding. the first bond issue has a face value of $140 million, a coupon rate of 6 percent, and sells for 94 percent of par. the second issue has a face value of $125 million, a coupon rate of 5 percent, and sells for 105 percent of par. the first issue matures in 25 years, the second in 8 years. suppose the most recent dividend was $4.95 and the dividend growth rate is 4.9 percent. assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. both bonds make semiannual payments. the tax rate is 24 percent. what is the company’s wacc?

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.