Consider the following information for Evenflow Power Co.,

Debt:		5,500 7.5 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.
Common stock:		121,000 shares outstanding, selling for $58 per share; the beta is 1.12.
Preferred stock:		17,500 shares of 6 percent preferred stock outstanding, currently selling for $106 per share.
Market:		8.5 percent market risk premium and 5.5 percent risk-free rate.

Assume the company's tax rate is 32 percent.

Required:

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

9.99%

10.24%

9.74%

9.84%

10.73%