Jack's construction co. has 80,000 bonds outstanding that are selling at par value. bonds with similar characteristics are yielding 8.6 percent. the company also has 4 million shares of common stock outstanding. the stock has a beta of 1.1 and sells for $40 a share. the u. s. treasury bill is yielding 4 percent and the market risk premium is 8 percent. jack's tax rate is 34 percent. what is jack's weighted average cost of capital?

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?