Consider the following information for Evenflow Power Co.,

Debt:		5,000 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 6.51 percent compounded annually. The bonds have 17 years to maturity and currently sell for 105 percent of par (face) value.
Common stock:		105,000 shares outstanding, selling for $64 per share; the beta is 1.15.
Preferred stock:		18,000 preferred shares that pay a dividend of 6 percent annually on $100 par value, and currently sell for $107 per share.
Market:		8 percent market risk premium and 5.5 percent risk-free rate.

Assume the company's tax rate is 31 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.