Reggie owns and operates a cheese shop in the village of Somerset. While Reggie has a degree in mechanical engineering and could easily go to work for his brother\'s company earning $76,000 a year, his true passion is for cheese. Below is a list of Reggie\'s expenses from 2010. Please use the information provided to answer the questions that follow. Revenue from 2010= $90,00 Rent= $18,000 Equipment= $6,000 supplies= $3000 What is Reggie\'s accounting profit? What is Reggie\'s economic profit?

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?