1. Financing provided in sequences of rounds rather than all at one time is known as?
a. crowdfunding
b. venture debt financing
c. staged financing
d. the capitalization rate
2. Calculate the after-tax WACC based on the following information: nominal interest rate on debt = 10%; cost of common equity = 20%; common equity = $600,000; interest-bearing debt = $400,000; and a tax rate = 30%.
a. 18.0%
b. 12.2%
c. 14.8%
d. 23.8%