Question: Source Price Units Book Value Market Value BV Weight MV Weigh! Debt $ 904.53 400 $ 360,000 $ 361,812 25.5% 31.1% Preferred . 100.00 1,000

Source Price Units Book Value Market Value BV Weight MV Weigh! Debt $ 904.53 400 $ 360,000 $ 361,812 25.5% 31.1% Preferred . 100.00 1,000 $ 150,000 $ 100,000 10.6% 8.6% Common 70.00 10,000 $ 900,000 $ 700,000 63.8% 60.3% Totals I :5 1,410,000 $ 1,161,812 I 100.0% 100.0% . Additional Bond Data - Additional Preferred Data Additional Common Data . Tax Rate . 40%IDiVidend . $ 10.00 Dividend 0 . $ 3.96 . Coupon Rate I 10% Flotation 2% Growth Rate I 6% Face Value I $ 1,000 I I Flotation I 5% Maturity I 10 I Flotation I 1% Frequency Annual IWACC based on book value ? ' 10.75% 10.76% IWACC based on Market value ? 10.51%

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