3. Given the following information for Huntington Power Co., find the WACC. Assume the tax rate is 21%. a) Firm has 4,000 bonds with par value of $1,000, which are currently trading at $1,030 and has a maturity of 20 years. This bond makes semi-annual coupon payments of 7 percent.. b) Firm has 90,000 common shares outstanding, which are currently trading at $57 per share. Beta of the stock is 1.10. Market risk premium is 8 percent and risk-free rate is 6 percent. c) Firm has 13,000 preferred stock that pays $6 dividend. The current price of preferred stock is $104.