Consider the following information for Evenflow Power Co.,

Debt:		3,000 7 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 103 percent of par; the bonds make semiannual payments.
Common stock:		72,000 shares outstanding, selling for $59 per share; the beta is 1.14.
Preferred stock:		10,000 shares of 5.5 percent preferred stock outstanding, currently selling for $105 per share.
Market:		8 percent market risk premium and 4.5 percent risk-free rate.

Assume the company's tax rate is 33 percent.

Required:

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