Consider the following information for Evenflow Power Co., Debt: Common stock: 3,000 6.5 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 69,000 shares outstanding, selling for $60 per share; the beta is 1.13. 8,500 shares of 5.5 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 34 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice O 8.37% 8.47% 88704