Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 4,500 5.5 percent coupon bonds outstanding, $1,000 par value, 23 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 94,500 shares outstanding, selling for $57 per share; the beta is 1.16. 14,500 shares of 5 percent preferred stock outstanding, currently selling for $105 per share. 6.5 percent market risk premium and 4.5 percent risk-free rate. Market: Assume the company's tax rate is 33 percent. Required: Find the WACC. (Do not round your intermediate calculations.)