1. You are given the following information concerning Janicek Power Co. Assume that the corporate tax rate is 20%; market risk premium is 8% and risk free rate is 6%. Calculate and comment on the WACC. - Debt: 6,000 bonds outstanding at a coupon rate of 10%,$1000 par value, 15 years to maturity, selling for 90% of par; the bonds make semi-annually payments. - Common stock: 6,000 shares outstanding, selling for $75 per share; beta is 1.10. - Preferred Stock: 6,000 shares of 5.5 percent preferred stock outstanding, currently selling for $85