A city is spending $19.919.9 million on a new sewage system. The expected life of the system is 3030 years, and it will have no market value at the end of its life. Operating and maintenance expenses for the system are projected to average $0.80.8 million per year. If the city's MARR is 1111% per year, what is the capitalized worth of the system? The study period is 100 years.

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 %

The adjusted trial balance for china tea company at december 31, 2018, is presented below:

The five steps to financial success a. five money myths b. five foundations