Wayco industrial supply has a pretax cost of debt of 8.3 percent, a cost of equity of 14.7 percent, and a cost of preferred stock of 8.9 percent. the firm has 165,000 shares of common stock outstanding at a market price of $33 a share. there are 15,000 shares of preferred stock outstanding at a market price of $43 a share. the bond issue has a face value of $750,000 and a market quote of 101. the company's tax rate is 21 percent. what is the weighted average cost of capital?

multiple choice

12.60 percent

10.84 percent

13.25 percent

14.32 percent

12.18 percent

Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.