Schalheim sisters inc. has always paid out all of its earnings as dividends; hence, the firm has no retained earnings. this same situation is expected to persist in the future. the company uses the capm to calculate its cost of equity, and its target capital structure consists of common stock, preferred stock, and debt. which of the following events would reduce its wacc? the market risk premium declines. the flotation costs associated with issuing new common stock increase. the company's beta increases. expected inflation increases. the flotation costs associated with issuing preferred stock increase.

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?