Consider the following information for Evenflow Power Co$.,$

Debt: $4,5005\mathrm{.}5$ percent coupon bonds outstanding, $$1,000$ par value, $17$ years to maturity, selling for $104$ percent of par; the bonds make semiannual payments.

Common stock: $99,000$ shares outstanding, selling for $$56$ per share; the beta is $1\mathrm{.}16.$

Preferred stock: $13,500$ shares of $5$ percent preferred stock outstanding, currently selling for $$106$ per share.

Market: $7$ percent market risk premium and $4\mathrm{.}5$ percent risk$-$free rate.

Assume the company's tax rate is $31$ percent.

Required: