Consider the following information for Evenflow Power Co.,

Debt:		4,500 6.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.
Common stock:		103,500 shares outstanding, selling for $65 per share; the beta is 1.05.
Preferred stock:		12,500 shares of 5.5 percent preferred stock outstanding, currently selling for $105 per share.
Market:		7.5 percent market risk premium and 4.5 percent risk-free rate.

Assume the company's tax rate is 34 percent.

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

	8.58%
	9.35%
	8.48%
	8.7%
	8.98%