Consider the following information for Evenflow Power Co. 2,000 7 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 42,000 shares outstanding, selling for $64 per share; the beta is 1.07 7,000 shares of 5.5 percent preferred stock outstanding, currently selling for $106 per share. 8 percent market risk premium and 4.5 percent risk-free rate. Debt Common stock: Preferred stock: Market: Assume the company's tax rate is 33 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 8.68% 8.88% 9.61% 8.78%