Required:

Micro Advantage issued a $$5,000,000$ par value, $20-$year bond a year ago at $98($i$.$e$.,98\%$ of par value$)$ with a stated rate of $9\%.$

Today, the bond is selling at $110($i$.$e$.,110\%$ of par value$).$ If the firm's tax bracket is $30\%,$ what is the current after$-$tax cost of this debt?

Micro Advantage has $$5,000,000$ preferred stock outstanding that it sold for $$24$ per share. The preferred stock has a per share par

value of $$25$ and pays a $$3$ dividend per year. The current market price is $$30$ per share. The firm's tax bracket is $30\%.$ What is the

after$-$tax cost of the preferred stock?

In addition to the bonds and preferred stock described in requirements $1$ and $2,$ Micro Advantage has $50,000$ shares of common

stock outstanding that has a par value of $$10$ per share and a current market price of $$170$ per share. The expected after$-$tax market

return on the firm's common equity is $20\%.$ What is Micro Advantage's weighted$-$average cost of capital $($WACC$)?$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $3$

In addition to the bonds and preferred stock described in requirements $1$ and $2,$ Micro Advantage has $50,000$ shares of common stock outstanding that has

a par value of $$10$ per share and a current market price of $$170$ per share. The expected after$-$tax market return on the firm's common equity is $20\%.$ What

is Micro Advantage's weighted$-$average cost of capital $($WACC$)?($Round "After$-$tax Rate or Expected Return" and "Cost of Capital Components" to $2$ decimal

places $($i$.$e$..1234=12\mathrm{.}34\%),$ "Weights" to $3$ decimal places, and other answers to the nearest whole dollar amount.$)$