1. Garden Pro Corporation has sales of $4,549840; income tax of $471,551; the selling, general and administrative expenses of $274,154; depreciation of $357,439; cost of goods sold of $2,719,620; and interest expense of $163,095. Calculate the firm.

2. A company currently plans a capital structure comprised of preferred stock with a weight of 30% and common stock with a weight of 40%. They also say that to achieve their target tax shield goal they need to have a weight of debt at 70%.

Comment on whether this is feasible and if not, why not?