Consider the following information for Evenflow Power Co., Debt: 4,500 7 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. Common stock: 90,000 shares outstanding, selling for $60 per share; the beta is 1.1. Preferred stock: 13,000 shares of 5.5 percent preferred stock outstanding, currently selling for $107 per share. Market: 8 percent market risk premium and 5 percent risk-free rate. Assume the company's tax rate is 35 percent. Required: Find the WACC. (Do not round your intermediate calculations.) rev: 09_20_2012 8.87% 9.82% 8.77% 9.02% 9.27%