Consider the following information for Evenflow Power Co., Debt: Common stock: 5,500 8.5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. 115,500 shares outstanding, selling for $57 per share; the beta is 1.08 16,000 shares of 7.5 percent preferred stock outstanding, currently selling for $105 per share. 10.5 percent market risk premium and 7 percent risk-free Preferred stock: Market: rate. Assume the company's tax rate is 35 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 5,000 6.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 102 percent of par, the bonds make semiannual payments. 120,000 shares outstanding, selling for $61 per share; the beta is 118 15,000 shares of 6 percent preferred stock outstanding, currently selling for $104 per share. 8 percent market risk premium and 5.5 percent risk-free Market rate. Assume the company's tax rate is 32 percent. Required: Find the WACC. (Do not round your intermediate calculations.) The Up and Coming Corporation's common stock has a beta of 1.5. If the risk-free rate is 4 percent and the expected return on the market is 14 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.)