Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 3,500 6.5 percent APR coupon bonds outstanding, $1,000 par value, 23 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. 73,500 shares outstanding, selling for $60 per share; the beta is 1.12. 11,000 shares of 5.5 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. 7.5 percent market risk premium and 5 percent risk-free rate. Market: Assume the company's tax rate is 31 percent. Required: Find the WACC. (Do not round your intermediate calculations.)