1. What benefits do entrepreneurs who compete in business plan competitions such as the one at Texas Christian
University gain?
2. Work with a team of your classmates to brainstorm ideas
for establishing a business plan competition on your cam-
pus. How would you locate judges? What criteria
would you use to judge the plans? What prizes would you
offer the winners, and how would you raise the money to
give those prizes? Who would you allow to compete in
your competition?
3. Using the ideas you generated in question 2, create a two-
page proposal for establishing a business plan competition
at your school.

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 %

John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.

Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural