1. Miller Manufacturing has a target debt-equity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 4 percent. If the tax rate is 34 percent, what is the company’s WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) WACC
2. Find the yield to call for a 8% coupon, $1,000 par 15 year bond selling at $1115.45 if the bond is callable in 9 years at a call price of $1,080. The bond makes semiannual coupon payments.