Consider the following information for Evenflow Power Co., Debt: Common stock: 3,000 5.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 69,000 shares outstanding, selling for $58 per share; the beta is 1.07 11,000 shares of 5 percent preferred stock outstanding, currently selling for $105 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 7.55% O 8.17% O 7.66% O 7.45% O 7.95% The Up and Coming Corporation's common stock has a beta of 1. If the risk-free rate is 5.5 percent and the expected return on the market is 10 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) Multiple Choice 10.4% 10% 10.5% 9.5% O 15.5%