Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020

Accounts receivable $86,000 $78,000

Merchandise inventory 64,000 78,000

Net sales 406,000 378,000

Cost of goods sold 246,000 226,000

Huckabee's 2021 average collection period (rounded) is:

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.