8. Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 25 percent. Debt: 20,000 bonds with a 5.8 percent coupon outstanding, $1,000 par value, 25 years to maturity, selling for 108 percent of par, the bonds make semiannual payments. Common stock: 675,000 shares outstanding, selling for $64 per share; the beta is 1.25. Market: 6 percent market risk premium and 3.2 percent risk-free rate. MV of equit