Oscar claims that employee benefits have little impact on lifetime income so one should only consider a job with the largest salary. which statement about his claim is true? he is correct because a larger salary would allow one to save more money for retirement. he is correct because benefits have no monetary value to an employee even though the employer may pay for them. he is incorrect because health insurance will save the employee money he could apply to retirement. he is incorrect because the employer gives the money for benefits directly to the employee so the employee can use the money as he wishes.

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 %