Identify the negative consequences of establishing a price floor on milk. a. The milk aisle of a grocery storeIdentify the negative consequences of establishing a price floor on milk.
b. There will be a surplus of milk. Press Space to open Sellers will be tempted to engage in illegal activity to recoup some of their costs due to milk that went unsold.
c. There will be a decrease in the quantity of milk demanded.
d. Consumers will demand higher-quality milk as they are forced to pay more.

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 %