What pulled the U.S. out of the Great Depression? 

Where did the majority of U.S. immigrants come from between 1880-1900? 

Which is the ONLY political third party to come close to winning the U.S. presidency? 

Which of the following was NOT an event which forced the U.S. to get involved in World War I? 

Cultural Essay: Choose one cultural aspect of France that interests you (e.g., food, family life, holidays, art, or fashion……). In English, write four paragraphs about it, following this structure: Introduction: Introduce the topic and explain why you chose it. Description: Provide details about the cultural aspect (e.g., what it is, its history, or how it’s practiced). Importance: Explain why this cultural aspect is significant in French culture. Conclusion: Share your personal thoughts or why this topic is interesting to you.”  

Smith and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. The firm’s current after-tax cost of debt is 6 percent, and it can sell as much debt as it wishes at this rate. The firm’s cost of preferred stock is 11 percent and its cost of retained earnings is 14 percent. The firm expects to generate $15,000 in retained earnings this year. Compute the weighted average cost of capital (WACC) break point associated with issuing new common stock.

Ross and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. After-tax cost of debt, preferred stock and common equity are 11%, 14%, 15%. What is the firm’s WACC?

Ross and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. After-tax cost of debt, preferred stock and common equity are 11%, 14%, 15%. What is the firm’s WACC?

Stanton Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually and increase earnings before depreciation and taxes by $6,000 annually. Stanton will use the Modified Accelerated Cost Recovery System (MACRS) method to depreciate the machine, and it has estimated the depreciation expense for the first year as $8,000. Which of the following is the supplemental operating cash flow for the first year? Stanton’s marginal tax rate is 40 percent.

Which of the following capital budgeting techniques makes the assumption that the project’s cash flows are reinvested at the firms required rate of return?