Consider the following information for Evenflow Power Co.,

Debt:		4,500 5.5 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.
Common stock:		103,500 shares outstanding, selling for $57 per share; the beta is 1.16.
Preferred stock:		14,500 shares of 5 percent preferred stock outstanding, currently selling for $105 per share.
Market:		7 percent market risk premium and 4.5 percent risk-free rate.
Assume the company's tax rate is 32 percent. Required: Find the WACC. (a) 8.76% (b) 8.52% (c) 8.02% (d) 8.12% (e) 8.24%