Franklin Inc. has a $100 million (face value) 18-year bond i…

Franklin Inc. has a $100 million (face value) 18-year bond issue selling for 105 percent of par that pays a coupon of 7%.  What would Franklin’s before-tax component cost of debt?  Assume the par value of each bond is $1,000 and semiannual compounding.  Round your final answer to two decimal places.  

BBB company has a capital structure of 40 percent equity, 20…

BBB company has a capital structure of 40 percent equity, 20 percent preferred stock, and 40 percent debt.  IF the before-tax component costs of equity, preferred stock and debt are 14 percent, 12 percent, and 9 percent, respectively, what is BBB’s WACC if the firm has an average tax rate of 20%? Express your final answers as a percent, rounded to two decimal places.  Do not enter the percent sign.  For example, if your final answer is 7.54%, enter 7.54