Minnie a. dent is completing her thirtieth year as a bus driver. her company recently told her that she would be required to retire within the next two years because she had reached the age limit for mandatory retirement. minnie wants to fight this ruling based on a claim of age discrimination. which of the following statements about this case is most accurate: according to the: employment rights and responsibilities act, minnie has every right to keep her job as long as she has not been convicted of a moving traffic violation while performing her job. affirmative action enforcement act, minnie has no right to keep her job, because she is not one of the groups that qualify for special protection. fair labor standards act, minnie may be able to keep her job, but the company can require her to pass an annual vision and hearing exam as a condition of continued employment. age discrimination in employment act, minnie can be required to retire at a certain age, because she is in an occupation where evidence exists that ability to perform the job diminishes significantly with age.

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)