You are given the following information for Huntington Power Co. Assume the company’s tax rate is 34 percent. Debt: 5,000 6 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. Common stock: 320,000 shares outstanding, selling for $50 per share; the beta is 1.06. Market: 5 percent market risk premium and 4 percent risk-free rate. What is the company's WACC?

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen