The 2008 balance sheet of maria's tennis shop, inc., showed $3.05 million in long-term debt, $760,000 in the common stock account, and $6.3 million in the additional paid-in surplus account. the 2009 balance sheet showed $3.7 million, $905,000, and $8.25 million in the same three accounts, respectively. the 2009 income statement showed an interest expense of $310,000. the company paid out $670,000 in cash dividends during 2009. if the firm's net capital spending for 2009 was $780,000, and the firm reduced its net working capital investment by $135,000, the firm's 2009 operating cash flow, or ocf?

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Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) wacc %