Central supply purchased a new printer for $67,500. the printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750). how much is the first year’s depreciation expense if the company uses the double-declining-balance method? $15,000 $ 7,500 $18,000 $13,500 none of the above

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.