Consider the following information for Evenflow Power Co., Debt: Common stock: 3,500 9 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 70,000 shares outstanding, selling for $64 per share; the beta is 1.07. 10,500 shares of 8 percent preferred stock outstanding, currently selling for $104 per share. 9.5 percent market risk premium and 7 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.)