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Sally Machines Inc. is planning an expansion program estimated to cost $100 million. Sally is going to raise funds according to its target capital structure shown below. Sally had net income available to common shareholders of $184 million last year of which 75% was paid out in dividends. The company has a marginal tax rate of 40%.Additional data:● The before-tax cost of debt is estimated to be 11%.Hint: To calculate the after-tax cost of debt, multiply by (1- tax rate).● The market yield of preferred stock is estimated to be 12%.● The cost of common stock is estimated to be 16%.What is Sally’s weighted average cost of capital?● Note: Enter the percent rounded to two digits after the decimal; enter 2.04 for 2.044% or 2.05 for 2.045%.  

Shelton Tax Services is considering investing in new software for their corporate tax business. The investment will require an outlay of $350,000 initially, and is expected to generate the following after‑tax cash flows: Year 1, $60,000; Year 2, $80,000; Year 3, $105,000; Year 4, $120,000; Year 5, $145,000. Shelton uses a discount rate of 10%. What is the Net Present Value of the proposed investment? (Round your final answer to the nearest dollar.)

Valentino’s Stage Productions is taking on a new project. The project is expected to increase net income by $1,000,000 for each of the next 3 years. The equipment needed will cost $7,000,000. Valentino’s hurdle rate is 12% and has the following capital structure:  Bond issuance: 20% of total funds, requires 15% interest per year Bank loan: 60% of total funds, requires 9.5% interest per year Preferred Stock issuance: 20% of total funds, requires 5% dividend per year What is Valentino’s average rate of return on the new project?

Many embalming fluids are rated by index. Index is defined as

Benzalkonium chloride is a(n)

Formaldehyde cross links all of the following, except

What is true of opportunity costs in making decisions?

Two common decomposition products are skatole and indole. These are examples of

A paint manufacturing company produces three paint bases of differing quality. Due to throughput limitations (measured in gallons) at their facility, they are unable to meet total demand for their products. In determining which of their products they should produce, what should they consider?

Embalming fluid has a pH similar to that of blood. What is the usual pH range of embalming fluid?