Consider the following information for Evenflow Power Co., Debt: Common stock: 4,500 5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 94,500 shares outstanding, selling for $58 per share; the beta is 1.06. 16,000 shares of 4.5 percent preferred stock outstanding, currently selling for $107 per share. 5.5 percent market risk premium and 4 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 35 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Assume the company's tax rate is 35 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 6.34% 6.44% 6.74% 6.98% 6.24%