Consider the following information for Evenflow Power Co.. Debt Common stock 4,500 bonds that each year pay 6.5 percent of par value as an annual coupon, have a $1,000 par value, and a yield to maturity of 6.23 percent compounded annually. The bonds have 19 years to maturity and currently sell for 103 percent of par (face) value 99,000 shares outstanding, selling for $64 per share, the beta is 1.08 13,000 preferred shares that pay a dividend of 6 percent annually on $100 par value, and currently sell for $105 per. share. 75 percent market risk premium and 5.5 percent risk-free rate. Preferred stock Market Assume the company's tax rate is 34 percent. Note Face value is sometimes used interchangeably with par value. Preferred shares almost always pay a constant dividend, but the dividend is usually quoted as a percent of par value (just like coupons and bonds). So as an example, a 7% preferred dividend on a $100 par value means the annual dividend payment is $7. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice O 9.06% 9.26% O 9.56% 9.16% 9.96%