$3.$ Give the following information for Elara Tree Co$.,$ find the WACC. Assume the company$$s tax rate is $30\%.$

a$.$ Debt: $20,0008\mathrm{.}3\%$ coupon bonds outstanding, $$1,000$ par value, $19$ years to maturity, selling for $92\%$ of par; the bonds make semi$-$annual payments.

b$.$ Common stock: $692,000$ shares outstanding, selling for $$36$ per share; the beta is $1\mathrm{.}25.$

c$.$ Preferred Stock: $40,000$ shares of $4\%$ preferred stock outstanding, with an issue price of $$100,$ currently selling for $$83\mathrm{.}59$ per share.

d$.$ Market: $8\%$ market risk premium and $4\mathrm{.}3\%$ risk$-$free rate