$10)$ Conslder the following Intormation for Wetson Power Company:

Debt $3,0007$ percent coupon bonds outstanding, $$1,000$ par value, $20$ years to maturlty, selling for $102$ percent of par; the bonds make semlannual payments.

Common stock: $60,000$ shares outstanding, selling for $$57$ per share; the beta is $1\mathrm{.}13.$

Preferred stock: $10,000$ shares of $5\mathrm{.}5$ percent preferred stock outstanding, currently selling for $$105$ per share.

Market: $9$ percent market risk premium and $5\mathrm{.}5$ percent risk$-$free rate.

Assume the company's tax rate is $34$ percent.

Find the WACC.

Multiple Choice

$9\mathrm{.}58\%$

$9\mathrm{.}75\%$

$10\mathrm{.}62\%$

$9\mathrm{.}68\%$

$1$R$\%$