Consider the following information for Evenflow Power Co., Debt: Common stock: 5,000 5.5 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 100,000 shares outstanding, selling for $56 per share; the beta is 1.09. 16,000 shares of 4.5 percent preferred stock outstanding, currently selling for $104 per share. 7 percent market risk premium and 4 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 33 percent. Required: Find the WACC. (Do not round your intermediate calculations.)