5) Brady Brand is evaluating a project with the given cash flow and weighted average cost of capital (WACC) information. Can you determine the project's modified internal rate of return (MIRR)? Keep in mind that the MIRR can be lower than the WACC, or even negative, indicating that the project is not viable and should be rejected.

WACC: 10.00%

Year 0 1 2 3 4 Cash flows -$850 $300 $320 $340 $360

6) If Microsoft's common stock is currently trading at $52.50 per share, and the company is expected to pay a dividend of $2.50 at the end of the year (D1 = $2.50)

with a growth rate of 5.50% per year, what is the company's weighted average cost of capital (WACC) if it only uses retained earnings for its equity financing? Assuming the target capital structure of the company is 45% debt and 55% common equity, and the before-tax cost of debt is 7.50% with a tax rate of 40%, we can calculate the WACC using the cost of debt and cost of equity.