Consider the following information for Evenflow Power Co., Debt: 3,500 bonds that each year pay 7 percent of par value as an annual coupon, have a $1,000 par value, and a yield to maturity of 6.72 percent compounded annually. The bonds have 19 years to maturity and currently sell for 103 percent of par (face) value. Common stock: 87,500 shares outstanding, selling for $61 per share; the beta is 1.07. Preferred stock: 11,500 preferred shares that pay a dividend of 6 percent annually on $100 par value, and currently sell for $104 per share. Market: 7.5 percent market risk premium and 5.5 percent risk-free rate. Assume the company's tax rate is 33 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. (Do not round your intermediate calculations.)