On january 1, 2018, brazos company purchased equipment and signed a sixminusyear mortgage note for $ 186 comma 000 at 15%. the note will be paid in equal annual installments of $ 49 comma 148, beginning january 1, 2019. on january 1, 2019, the journal entry to record the first installment payment will include a (round your answer to the nearest whole number.)

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.