(Weighted average cost of​ capital) Bane Industries has a capital structure consisting of percent common stock and percent debt. The​ firm's investment banker has advised the firm that debt issued with a ​$ par​ value, percent coupon​ (interest paid​ semiannually), and maturing in years can be sold today in the bond market for ​$. Common stock of the firm is currently selling for ​$ per share. The firm expects to pay a ​$ dividend next year. Dividends have grown at the rate of percent per year and are expected to continue to do so for the foreseeable future. What is ​ Bane's average cost of capital where the firm faces a tax rate of ​percent?

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business. identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats. implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the