Kelley, Inc. provided the following account balances for 2018:

Calculate the average number of days that inventory was held by Kelley, Inc. during 2018. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)

cost of common stock equity.Ross Textiles wishes to measure its cost of common stock equity. The​ firm's stock is currently selling for $35.41 . The firm expects to pay a $3.25 dividend at the end of the year​ (2016). The dividends for the past 5 years are shown in the following​ table:

Year   Dividend per share

2015   2.97
2014   2.65
2013   2.44
2012   2.14
2011   2.06

After underpricing and flotation​ costs, the firm expects to net $32.93 per share on a new issue.

a.  Determine the growth rate of dividends from 2011 to 2015.

b.Determine the net​ proceeds,Nn, that the firm will actually receive.

c.  Using the​ constant-growth valuation​ model, determine the cost of retained​ earnings, Rs.

d.  Using the​ constant-growth valuation​ model, determine the cost of new common​ stock,Rn

Define each of the following terms:

a. Weighted average cost of capital, WACC; after-tax cost of debt, rd 1 T ; after-tax
cost of short-term debt, rstd 1 T
b. Cost of preferred stock, rps; cost of common equity (or cost of common stock), rs
c. Target capital structure
d. Flotation cost, F; cost of new external common equity, re

Allergan (AGN):

corporate tax rate = 12.5%

cost of debt = 3.4867%

cost of preferred stock = 13.75/161.62 (1-0.055) = 9%

cost of common equity = 8.28%

capital structure =

Total Debt to Total Equity = 40.74

Total Debt to Total Capital = 28.95

Total Debt to Total Assets = 25.41

Interest Coverage = -0.26

Long-Term Debt to Equity = 37.51

Long-Term Debt to Total Capital = 24.87

Long-Term Debt to Assets = 0.22

1) Determine the weighted average cost of capital (WACC) forAllergan (AGN). Create an Excel spreadsheet where you explain how you calculated those numbers and what was your reasoning.

Cost of Common Equity:

Cost of Retained Earnings, rs:

Suppose that (1) the risk-free return is 5.5%; (2) the average stock return (i.e. the market return) is 11.5%; (3) your firm stock’s beta (i.e. stock’s risk) is 0.8; (4) the next dividend payment will be $1; (4) the growth rate of the dividend is 6%; (5) the current market price of the stock is $25; (6) the yield of your firm’s long-term bond is 6.5%; and (7) the risk premium on your firm’s stock over your firm’s bond is 4%.

Given the information above, calculate the cost of retained earnings using (1) Capital Asset Pricing Model, CAPM, approach; (2) Bond-yield-plus-risk-premium approach; and (3) Discounted Cash Flow, DCF, approach.

(1) CAPM approach:

(2) Bond-yield-plus-risk-premium approach:

(3) DCF approach:

What is the range of your estimations? What is the midpoint of this range (i.e. the final estimation of the cost of retained earnings)?

Cost of New Common Stock, re:

The flotation cost of issuing new common stock, F, is 15% of the issue price. According to the previously provided information of your outstanding common stock, estimate the cost of new common stock using the DCF approach.

According to the DCF approach cost of new common stock calculated above, (1) figure out the flotation cost adjustment for new common stock; and then (2) considering the cost of retained earnings from all three approaches, adjust for this flotation cost. What is the cost of new common stock?

1.What is working progress for Design for cost? 2.What is working progress for Design to cost?

The following cost functions apply to X Company's regular production and sales during the year:

  Cost of goods sold:   $5.41 (X) + $122,760

  Selling and administrative expenses:   $1.43 (X) + $67,580

where X is the number of units produced and sold. During the year, X Company sold 62,000 units for $17.00 each. At the end of the year, a company offered to buy 4,230 units but was only willing to pay $11.00 each. X Company had the capacity to produce the additional 4,230 units.

5. If X Company had accepted the special order, firm profits would have increased by $17,597

6. Consider the following three changes. Direct material costs on the special order would have increased by $0.79 per unit, direct labor costs on the special order would have decreased by $0.38 per unit, and X Company would have had to rent special equipment for $1,000. Independent of your answer to (5), the effect of these changes would have been to reduce profit on the special order by $2,734

7. In order to retain all of X Company's regular customers, it would have had to reduce the regular selling price by $0.50. If the selling price were reduced and next year's unit sales turned out to be the same as this year's sales, firm profits would have fallen by

Find the cost function if the marginal cost function is given by C' (x) = x^1/3 +9 and 27 units cost ​$415.

C(x) =