6 You are looking at the following information: 5,500 5.5 percent coupon bonds outstanding, $1,000 par Debt: value, 17 years to maturity, selling for 104 percent of par, the bonds make semiannual payments 110,000 shares outstanding, selling for $65 per share; the 1 polnts Common stock beta is 1.18. Preferred stock 17,500 shares of 5 percent preferred stock (review my Ch.8 slide 43: what does "..% preferred stock"phrase mean?) outstanding, currently selling for $105 per share. 6.5 percent market risk premium and 5 percent risk-free rate Market: The company is in the 33 percent tax rate bracket based on its corporate income. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 8.76% polnts 8.22% 8.09% 8.49% 7.99%