Consider the following information for Evenflow Power Co.,

Debt:		3,000 bonds that each year pay 5.5 percent of par value as an annual coupon, have a $1,000 par value, and a yield to maturity of 5.33 percent compounded annually. The bonds have 18 years to maturity and currently sell for 102 percent of par (face) value.
Common stock:		69,000 shares outstanding, selling for $63 per share; the beta is 1.18.
Preferred stock:		10,000 preferred shares that pay a dividend of 4.5 percent annually on $100 par value, and currently sell for $105 per share.
Market:		7.5 percent market risk premium and 4 percent risk-free rate.

Assume the company's tax rate is 34 percent. Note: Face value is sometimes used interchangeably with par value. Preferred shares almost always pay a constant dividend, but the dividend is usually quoted as a percent of par value (just like coupons and bonds). So as an example, a 7% preferred dividend on a $100 par value means the annual dividend payment is $7.

Required:

Find the WACC.