To correct avoid high unemployment, one of the measures done by the architects of Bretton woods is to agree on building a limited flexibility into the fixed exchange rate system. In addition, it was stated in the argument that the rules and regulations of the monetary management between the U.S., Canada, Western Europe, Australia, and Japan must be systematically established.
Answer: Check the MSDS for the liquid and follow the instructions.
Explanation:
The Material safety data sheet(MSDS) are document that contains information on the potential hazards(health, fire, reactivity & environmental) and working safely with chemical products. What to do after the spill is to check the MSDS for the liquid and follow the instructions.
Im guessing the 3rd or the first Idunno
Answer:
Cost of common equity=15.74%
WACC=11.91%
Explanation:
Complete Question:
Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax cost of debt is 8%, and its marginal tax rate is 40%. The current stock price is P0=$22.00. The last dividend was D0=$2.25, and it is expected to grow at a 5% constant rate. What is its cost of common equity and its WACC?
Answer and Explanation:
First we have to calculate the cost of equity which shall be calculated as follows:
Cost of equity=D0(1+g)/P0+g
In the given question:
D0=$2.25
P0=$22.00
g=growth rate=5%
Cost of common equity=$2.25(1+5%)/$22.00+5%
=15.74%
Now we will calculate the WACC which shall be determined through following mentioned formula:
WACC=[Portion of Equity in capital structure*Cost of equity+Portion of Debt in capital structure*Post tax cost of debt]/Portion of Equity in capital structure+Portion of Debt in capital structure
WACC=[65%*15.74%+35%*(1-40%)*8%]/100%
WACC=11.91%
Assuring financing
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