2. Given the following information for Lightning Power Co., find the WACC. Assume the companys tax rate is 21 percent. Ignore the adjustment for default risk. Debt: 16,500 bonds outstanding with a coupon rate of 6.2%, $1,000 par value, 25 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Common stock: 535,000 shares outstanding, selling for $81 per share; beta is 1.20. Market: 7 percent market risk premium and 3.1 percent risk-free rate