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Tanner D.
Graduating senior from Wofford College, pursuing a career in Financial Services.
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Pre-Algebra
TutorMe
Question:

5x + 6 = -24

Tanner D.
Answer:

x = -6

Personal Finance
TutorMe
Question:

What is an IRA?

Tanner D.
Answer:

IRA is an acronym for Individual Retirement Account — a place to put money away for retirement that will be then invested for you. IRAs can be used in combination with a 401(k) or as an alternative to one if your company doesn’t offer a 401(k). Much like a 401(k), the money is invested across various stock/bond packages that you choose, so that it can grow over time. IRAs do have contribution limits, though: The most you can put into an IRA is $5,500 a year (e.g., $458 a month), or $6,500 if you’re 50 or older.

Finance
TutorMe
Question:

Google's capital financing structure is as follows: 30% debt, 10% preferred stock, and 60% common stock. Their marginal tax rate is 40%, and the cost of debt to the company is 8%. The cost of preferred stock is 11%. Google recently paid out a dividend of $2.00/share, and their current stock price is listed at $47.00 with growth for the company listed at 5%. Calculate Google's cost of common equity, and then their WACC?

Tanner D.
Answer:

Cost of common equity is .095, or 9.5%. The company's WACC is .0824, or 8.24%.

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