*PLEASE DO NOT SOLVE USING EXCEL..... Please write out how to do problems, thank you!

1) Sally borrowed $10,000 and agreed to repay the loan in 5 equal installments at an interest rate of 4%, with payments made annually. You will make your first payment in one year. After Sally made the third payment, how much total interest have you paid on this loan?

2) If a firm's WACC is 10.25%, their after-tax cost of debt is 5% and they have $100,000 in debt and $200,000 in equity, what is their cost of equity?

3) What is the WACC of a company with $100M in debt and $250M in equity if its cost of debt is 8% and its cost of equity is 12%. It's marginal tax rate is 35%.

4) Sally is interested in buying 6-year bonds that pay a 12% coupon on a semi-annual basis. The current market yield for similar bonds is 8%. What should be the current price of this bond?

5) Assume a company recently paid a dividend of $2 and dividends are expected to grow at a constant rate of 5% every year. If an investor's required rate of return is 10%, what should be the price of the stock six years from now?

6) Assume a company plans to pay the following dividends: $2 in year 1; $5 in year 2; $4 in year 3; $5 in year 4. After that, dividends are expected to grow at a constant rate of 6%. If an investor's required rate of return is 10%, what is the current market price of the company's stock? Answer choices: $12.51 , $102.87 , $45.81 , $132.50