Consider the following information for Evenflow Power Co. Debt: 2,500 8.5 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 52,500 shares outstanding, selling for $63 per share; the beta is 1.18 8,000 shares of 8 percent preferred stoclk outstanding, currently selling for $106 per share. 10 percent market risk premium and 7.5 percent risk- free rate. Common stock: Preferred stock: Market: Assume the company's tax rate is 34 percent. Required Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 12.65% 12.41% 12.91% 12.51% o 13.57%