Which statement best describes the introduction of an argumentative essay? The introduction acquaints readers with the topic and sets up the ideas that will be presented.
The introduction establishes the focus of the essay and tells readers what the writer’s position will be.
The introduction ties the essay together and tells readers what they have learned and should take away.
The introduction fleshes out the argument and includes counterclaims and evidence from research.

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 %