Consider the following information for Evenflow Power Co., Debt: Common stock: 5,500 5.5 percent APR coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. 132,000 shares outstanding, selling for $65 per share; the beta is 1.1. 19,000 shares of 4.5 percent preferred stock outstanding (note: take this percentage and convert it into decimal format, then multiply times 100 to find the preferred dividend), currently selling for $107 per share. 7 percent market risk premium and 4 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 32 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice O 7.87% O 7.77% 8.44% O 8% O O 8.27%