Which of the following statements is correct? multiple choice a. purely competitive firms, monopolistically competitive firms, and pure monopolies all earn zero economic profits in the long run. b. purely competitive firms, monopolistically competitive firms, and pure monopolies all earn positive economic profits in the long run. c. in the long run, purely competitive firms and monopolistically competitive firms earn zero economic profits, while pure monopolies may or may not earn economic profits. d. monopolistically competitive firms earn zero economic profits in both the short run and the long run.

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Granby foods' (gf) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. the yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. the company has 10 million shares of stock, and the stock has a book value per share of $5.00. the current stock price is $20.00 per share, and stockholders' required rate of return, r s, is 12.25%. the company recently decided that its target capital structure should have 35% debt, with the balance being common equity. the tax rate is 40%. calculate waccs based on book, market, and target capital structures. what is the sum of these three waccs?

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