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FROM THE INFORMATION GIVEN BELOW Calculate the Capital Structure of the firm using the Book Values provided.  (you are not calculating the entire WACC) As a consultant to GBH Skiwear, you have been asked to compute the appropriate discount rate to use to evaluate the purchase of a new warehouse facility.  You have determined the Book values of the firm’s capital structure as follows:             SOURCE OF CAPITAL BOOK VALUE Bank Loan     Bonds 100,000   $500,000 Preferred stock $200,000 Common stock Retained Earnings   $100,000 $400,000                   To finance the purchase, GBH will borrow $100,000 from The Island Bank, sell 20-year bonds, paying 8 percent per year, at the market price of $1050.  Flotation costs for issuing the bonds are 6 percent of the market price.  Preferred stock paying a $2.50 dividend can be sold for $45; the cost of issuing these shares is $5 per share.  Common stock for GBH is currently selling for $75 per share.  The firm paid a $2 dividend last year and expects dividends to continue growing a rate of 10 percent per year.  Flotation costs for issuing new common stock will be 10 percent of the market price.  The firm’s marginal tax rate is 40 percent.   The Capital Structure of this firm is:

4. EXTRA CREDIT. Identify this artwork in full (1 point). Then name two reasons why studying this artwork is so very difficult (2 points). Note: you cannot lose points for answering this question incorrectly. You can only gain points. So take a guess! Quiz1_7.jpg

2. ESS COMPARISON. This question has three parts. First fully identify (title, date, culture, and artist if relevant) and provide a synthetic analysis of monument 1 and monument 2, including visual analysis and descriptions of their function and significance. Then, compare the two. How are monument 1 and 2 similar and different and what does the comparison reveal about their significance and meaning? Recommended time: 30 minutes Monument 1 Quiz1_2.jpg Quiz1_3.jpg Monument 2 Quiz1_4.jpg Quiz1_5.jpg

Biff reveals that he prefers working outside rather than in the business world. 

When Willy is upset, Biff visits and plays cards with him. 

It is revealed that Biff became aware of Willy’s affair when he visits him in Boston. 

When Willy visits Howard, Howard shows him: 

Discuss the significance of this line from the play:  “A small man can be just as exhausted as a great man.” 

Biff and Happy leave Willy at the restaurant. 

Bernard becomes a successful: