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The capital structure for the CR Corporation is the following: bonds $5,500, and common stock $11,000. If CR has an after-tax cost of debt of 6%, and a 16% cost of common stock, what is its WACC?

A) 9.33% B) 12.67% C) 13.33% D) 14.67%

Which of the following statements regarding capital expenditures is incorrect?

A) Capital expenditures are purchases of long-term assets. B) The decision to purchase long-term assets is part of a strategic plan. C) Capital expenditures include delivery trucks, computer systems, and manufacturing equipment. D) Installment payments related to the purchase of long-term assets are included in the capital expenditures budget.