Bev ordered an alabaster-colored mink coat from Poe's Furs. The coat had been specially made because she required an unusually large size and had requested a particular styling. The coat cost was $5,500, of which Bev paid $250. Several months later, she decided that she did not want the coat and canceled the order even though Poe's Furs had completed the coat. Poe's Furs then filed a suit for the balance of the purchase price. What can Bev argue in defense?

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 %