Consider the following Information for Evenflow Power Co., Debt: Common stock: 5,500 6 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 115,500 shares outstanding, selling for $59 per share; the beta is 1.08. 17,500 shares of 4.5 percent preferred stock outstanding, currently selling for $104 per share. 7 percent market risk premium and 4.5 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 35 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice O 8.61% 7.87% 7.71% 8.21% 7.81%