1. Project L costs $75,000, its expected cash inflows are $8,000 per year for 8 years, and its WACC is 10%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.
2. Professor Sergio Ramos has $160,000 invested in a 2-stock portfolio. $69,000 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.75 and Y's beta is 0.90. What is the portfolio's beta?
3. Adams Food Service has issued 9^3/8 percent bonds that mature on July 15, Year 31. The bonds are callable at $1,022.95 on July 15, Year 5. Assume that interest is paid and compounded annually. Determine the yield-to-maturity if an investor purchased a $1,000 denomination bond for $940 on July 15, Year 1.