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The Saunders Investment Bank has the following financing outstanding. Debt: 60,000 bonds with a coupon rate of 5.1 percent and a current price quote of 106.1; the bonds have 15 years to maturity and a par value of $1,000. 18,900 zero coupon bonds with a price quote of 21.6, 27 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding. Preferred stock: 155,000 shares of 2.9 percent preferred stock with a current price of $84 and a par value of $100. Common stock: 2,300,000 shares of common stock; the current price is $92 and the beta of the stock is 1.20. Market: The corporate tax rate is 25 percent, the market risk premium is 6.9 percent, and the risk-free rate is 3.5 percent.Required:What is the WACC for the company?
The following selected accounts from the Bramble Corp.s general ledger are presented below for the year ended December 31, 2022: Advertising expense $54,000 Interest revenue $32,000 Common stock 249,000 Inventory 66,000 Cost of goods sold 1,084,000 Rent revenue 24,000 Depreciation expense 124,000 Retained earnings 534,000 Dividends 149,000 Salaries and wages expense 674,000 Freight-out 24,000 Sales discounts 8,600 Income tax expense 69,000 Sales returns and allowances 43,000 Insurance expense 15,000 Sales revenue 2,399,000 Interest expense 69,000Required:Prepare a multiple-step income statement.