Delta Corporation has the following capital structure: Cost (aftertax) Weights Weighted Cost

Debt (Kd) 8.6% 10% 0.86%
Preferred stock (Kp) 6.8 20 1.36
Common equity (Ke) (retained earnings) 10.2 70 7.14
Weighted average cost of capital (Ka) 9.36%
a. If the firm has $49 million in retained earnings, at what size capital structure will the firm run out of retained earnings?
b. The 8.6 percent cost of debt referred to earlier applies only to the first $9 million of debt. After that the cost of debt will go up. At what size capital structure will there be a change in the cost of debt?

it should be

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this

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answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;