1. You will require $700 in 5 years. If you earn 5% interest on your funds, how much will you need to invest today in order to reach your savings goal? (Do not round intermediate calculations. Round your answer to two decimal places.)
Present value =
2. WhackAmOle has 2 million shares of common stock outstanding, 1.5 million shares of preferred stock outstanding, and 50,000 bonds. Assume the common shares are selling for $64 per share, the preferred shares are selling for $53.00 per share, and the bonds are selling for 104 percent of par. What would be the weights used in the calculation of WhackAmOle’s WACC?