Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 5,500 8.5 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 115,500 shares outstanding, selling for $59 per share; the beta is 1.18. 16,000 shares of 7.5 percent preferred stock outstanding, currently selling for $106 per share. 9 percent market risk premium and 6.5 percent risk-free rate. Market: Assume the company's tax rate is 32 percent. Required: Find the WACC. (Do not round your intermediate calculations.) 11.31% 12.35% 11.21% 11.71% 11.44%