11. Finding the WACC Given the following information for Morgan Co., find the WACC. Assume the companys tax rate is 35 percent. Debt: 5,000 9.4 percent coupon bonds outstanding, $1,000 par value, 25 years to ma- turity, selling for 109 percent of par; the bonds make semiannual payments. Common stock: 165,000 shares outstanding, selling for $62 per share; the beta is 1.15. Market: 6.5 percent market risk premium and 5.5 percent risk-free rate