Bayou Hedge fund group's target capital structure includes 60 percent common stock, 25 percent debt, and the rest in the form of preferred stock. The group's cost of equity is 14.3 percent, its cost of preferred stock is 7.3 percent, and its cost of debt is nine percent. The relevant tax rate is 20 percent. What is the Bayou's Weighted Average Cost of Capital or WACC? a. 1107 percent b. 11.48 percent c. 9.06 percent d. 11.92 percent e. 10.53 percent

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)