6 The IPO Investment Bank has the following financing outstanding. Debt 80.000 bonds with a coupon rate of 11 percent and a current price quote of 112: the bonds have 20 years to maturity. 250,000 zero coupon bonds with a price quote of 19.5 and 30 years until maturity. Both bonds have a par value of $1,000 and semiannual coupons. points Preferred stock: 170.000 shares of 9 percent preferred stock with a current price of $74, and a par value of $100. Common stock: 2,800.000 shares of common stock; the current price is $60, and the beta of the stock is 1.25. Market. The corporate tax rate is 22 percent, the market risk premium is 7 percent. and the risk-free rate is 4 percent. What is the WACC for the company? (Do not round Intermedlate calculatlons and enter your answer as a percent rounded to 2 declmal places, e.g., 3216.) Answer is complete but not entirely correct. WATC 2134 %