Afirm has a capital structure with $3 in equity and $3 of debt. the cost of equity capital is 0.17 and the pretax cost of debt is 0.06. if the marginal tax rate of the firm is 0.48. compute the weighted average cost of capital of the firm.

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.