The North American Industry Classification System (NAICS) has been replaced by the Standard Industrial Code (SIC)

Poplar Mills Incorporated desires an operating income of $73,000. Its variable expenses are $25,000 and its total fixed expenses have increased from $52,500 to $56,000. Its unit contribution margin is $15. Its sales in units to achieve the target profit is

Fill in the blank(s) with the appropriate word(s).

Phillips Enterprises Inc is expected to pay a dividend of $2.60 next year. Dividends are expected to

grow at a constant rate of 8% per year, and the stock price is currently $20.00. New stock can be sold at this price subject to flotation costs of 15%. The company's marginal tax rate is 35%. Compute the cost of internal equity (retained earnings) and the cost of external equity (new common stock), respectively. A) 21.00%, 23.29% B) 0, 21.00% C) 8.00%, 23.29% D) 23.00%, 25.48%