Consider the following information for Evenflow Power Co., Debt: Common stock: 4,500 7.5 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 108,000 shares outstanding, selling for $65 per share; the beta is 1.12. 13,500 shares of 6 percent preferred stock outstanding, currently selling for $106 per share. 9.5 percent market risk premium and 5.5 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 31 percent. Required: Find the WACC. (Do not round your intermediate calculations.)