Ducky Float Corporation would like to start a new project: manufacturing voice-activated ducky floats for fancy hotel pools. This ducky float project will require $35,000 in the initial cost. The company is planning to raise this amount of money by selling new corporate bonds and new stocks. It has a target capital structure of 40 percent debt and 60 percent common stock. Flotation costs for issuing new debt is 4%, and for new common stock it is 7%. The weighted average flotation cost required for this project is: (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer.) (a) 7.2% (b) 6.6% (c) 5.8% (d) 5.4% (e) 5.2%

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.