Consider the following information for Evenflow Power Co.,

Debt:		2,500 9 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 105 percent of par; the bonds make semiannual payments.
Common stock:		60,000 shares outstanding, selling for $58 per share; the beta is 1.12.
Preferred stock:		8,500 shares of 8 percent preferred stock outstanding, currently selling for $107 per share.
Market:		11 percent market risk premium and 7.5 percent risk-free rate.

Assume the company's tax rate is 33 percent.

Find the WACC. (Do not round your intermediate calculations.)