Consider the following information for Evenflow Power Co., Debt 2,500 6.5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 104 percent of par, the bonds make semiannual payments. 52,500 shares outstanding, selling for $64 per share; the beta is 1.1. 8,500 shares of 6 percent preferred stock outstanding, currently selling for $107 per share. 7.5 percent market risk premium and 5.5 percent risk-free rate. Common stock Preferred stock 011-07 Market Assume the company's tax rate is 33 percent Required: Find the WACC. (Do not round your intermediate calculations.)