How much money does she currently have saved

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Reference no: EM131504389

1. Kristina started setting aside funds three years ago to save for a down payment on a house. She has saved $900 each quarter and earned an average rate of return of 4.8 percent. How much money does she currently have saved?

$11,542.10

$15,209.80

$15,366.67

$16,023.13

$12,388.19

2. A firm has zero debt and an overall cost of capital of 13.8 percent. The firm is considering a new capital structure with 40 percent debt. The interest rate on the debt would be 7.2 percent and the corporate tax rate is 34 percent. What would be the cost of equity with the new capital structure?

a. 16.90%

b. 16.11%

c. 15.02%

d. 15.59%

e. 16.70%

Reference no: EM131504389

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