Assume that you are an intern with the brayton company, and you have collected the following data: the yield on the company's outstanding bonds is 7.75%; its tax rate is 40%; the next expected dividend is $0.65 a share; the dividend is expected to grow at a constant rate of 6.00% a year; the price of the stock is $15.00 per share; the flotation cost for selling new shares is f = 10%; and the target capital structure is 45% debt and 55% common equity. what is the firm's wacc, assuming it must issue new stock to finance its capital budget? a. 6.89%b. 7.26%c. 7.64%d. 8.04%e. 8.44%

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; false pretense;

answerblank(1); fixed interval; blank(2) fixed ratio;

answerjointly by the fed and by the behavior of individuals who hold money and of banks in which money is held;