Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 2,000 8 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 42,000 shares outstanding, selling for $57 per share; the beta is 1.18. 6,500 shares of 7 percent preferred stock outstanding, currently selling for $105 per share. 10 percent market risk premium and 6 percent risk-free rate. Market: Assume the company's tax rate is 33 percent. Required: Find the WACC. (Do not round your intermediate calculations.)