7. Calculating the WACC You are given the following information concerning Parrothead Enterprises: Debt. Common stock Preferred stock Market: 15,0005.9 percent coupon bonds outstanding, with 17 years to maturity and a quoted price of 104 . These bonds pay interest semiannually. 375,000 shares of common stock selling for $81.50 per share. The stock has a beta of 95 and will pay a dividend of $3.80 next year. The dividend is expected to grow by 5 percent per year indefinitely. 10,000 shares of 42 percent preferred stock selling at $86 per share. 11 percent expected return, risk-free rate of 3.6 percent, and a 22 percent tax rate. Clculate the company's WACC