(37 points) Given the following information for Gridd Power Co., find the weighted average cost of capital - the "WACC". just reporting the Explain each step in detail and show explicitly the formulas that you used final answers will earn minimum points. Assume the company tax rate is 21%. Debt: 5,000 (the number of bonds) of 5.0% coupon bonds outstanding $1,000 par value, with 100% of par value to be paid at redemption, 25 years to maturity. Currently selling for 105 percent of par (a 5% premium to par), or $1050 per bond. Semi-annual coupon payments. Common stock: 200,000 shares outstanding, selling for $50 per share The company beta is 1.10. Equity Market: 7.5 percent market risk premiun and 2.5 percent risk free rato