Consider the following information for Evenflow Power Co., Debt: Common stock: 3,000 9 percent coupon bonds outstanding. $1,000 par value, 21 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 63,000 shares outstanding, selling for $61 per share; the beta is 1.14. 9,000 shares of 8 percent preferred stock outstanding, currently selling for $105 per share. 10.5 percent market risk premium and 7.5 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.)