Consider the following information for Evenflow Power Co., 4,000 6 percent coupon bonds outstanding, $1,000 par Debt: value, 21 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 92,000 shares outstanding, selling for $56 per share; the Common stock: beta is 1.09. Preferred stock: 11,500 shares of 5.5 percent preferred stock outstanding, currently selling for $107 per share. 7.5 percent market risk premium and 5.5 percent risk-free Market: rate. Assume the company's tax rate is 35 percent. Required: Find the WACC. (Do not round your intermediate calculations.)