Johnson industries finances its projects with 40 percent debt, 10 percent preferred stock, and 50 percent common stock. · the company can issue bonds at a yield to maturity of 7.8 percent. · the cost of preferred stock is 7 percent. · the company's common stock currently sells for $29 a share. · the company's dividend has just paid $2.00 a share (d0 = $2.00), and is expected to grow at a constant rate of 8 percent per year. · assume that the flotation cost on debt and preferred stock is zero, and no new stock will be issued. · the company's tax rate is 30 percent. what is the company's weighted average cost of capital (wacc)? express your answer in percentage (without the % sign) and round it to two decimal places.

Blank is the internal operation that arranges information resources to support business performance and outcomes

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer