The expected returns on the debt and equity of a levered firm are rE=15% and rD=7%, and the current market value of the debt and equity are E=66 and D=44, respectively. What is the firm's weighted average cost of capital (WACC)?

Which is not a stage in the organizational purchase decision process?

alternative evaluation problem recognition postpurchase behavior commercialization

Sally lists her property for sale with Broker Al. Al learns that the property is about to be rezoned to a higher use. He tells Sally he would like to purchase the property himself. She agrees, and the sale closes. Six months later, Al resells the property for a significant profit. This is legal:

A. as long as before Sally agreed to the sale, Al informed her of the upcoming zoning change and what it would mean for the property's value. B. as long as he disclosed to Sally the profit made off of the resale, after his sale closed C. only if Al shares his profits with Sally D. under no circumstance