Consider the following information for Evenflow Power Co., Debt: Common stock: 5,500 bonds that each year pay 9 percent of par value as an annual coupon, have a $1,000 par value, and a yield to maturity of 8.56 percent compounded annually. The bonds have 18 years to maturity and currently sell for 104 percent of par (face) value. 132,000 shares outstanding, selling for $63 per share; the beta is 1.07 17,000 preferred shares that pay a dividend of 8 percent annually on $100 par value, and currently sell for $105 per share. 10 percent market risk premium and 75 percent risk-free rate Preferred stock: Market Assume the company's tax rate is 33 percent. Note: Face value is sometimes used Interchangeably with par value. Preferred shares almost always pay a constant dividend, but the dividend is usually quoted as a percent of par value (just like coupons and bonds). So as an example, a 7% preferred dividend on a $100 par value means the annual dividend payment is $7. Multiple Choice 12.5% O 12.68% 12.9% 13.52% O 12.4%