A CPA recently has come to expect higher prices for expert tax advice in the near future. We would expect: a. the CPA to supply more expert tax advice now then she was supplying previously. b. no change in the CPA's current supply, instead, future supply will be affected. c. the CPA to supply more expert tax advice now than she was supplying previously. d. the CPA to supply less expert tax advice now than she was supplying previously.

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate 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 %