An initial amount of $1100 is invested in an account at an interest rate of 8% per year, compounded continuously. Assuming that no withdrawals are made, fin the amount in the account after three years. Do not round any intermediate computations, and round your answer to the nearest cent.

Define components of net income.

Define net income.

5 Skipped eBook Hint Print Dani Corporation has 6 million shares of common stock outstanding. The current share price is $78, and the book value per share is $9. The company also has two bond issues outstanding. The first bond issue has a face value of $115 million, a coupon rate of 7 percent, and sells for 93 percent of par. The second issue has a face value of $100 million, a coupon rate of 6 percent, and sells for 105 percent of par. The first issue matures in 21 years, the second in 8 years. Suppose the most recent dividend was $4.70 and the dividend growth rate is 5.3 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. The tax rate is 24 percent. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC References %