Filer manufacturing has 4 million shares of common stock outstanding. the current share price is $83, and the book value per share is $8. filer manufacturing also has two bond issues outstanding. the first bond issue has a face value of $90 million, has a 6 percent coupon, and sells for 98 percent of par. the second issue has a face value of $60 million, has a 7 percent coupon, and sells for 106 percent of par. the first issue matures in 21 years, the second in 3 years.

the most recent dividend was $5.5 and the dividend growth rate is 5 percent. assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. both bonds make semiannual payments. the tax rate is 35 percent.
what is the company's wacc?

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

U.s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0) and 2006 (t = 4). the advertising revenue in 2002 was $5.9 billion.† (a) find an expression f(t) giving the advertising revenue in year t.

Which of the following would classify as a general education requirement