Consider the following information for GAP, Inc., 4,000 6 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 84,000 shares outstanding, selling for $63 per share; the beta is 1.14 13,500 shares of 5 percent preferred stock outstanding, currently selling for $104 per share. 8 percent market risk premium and 4.5 percent risk-free rate. Debt Common stock Preferred stock Market Assume the company's tax rate is 32 percent Required Find the WACC. (Do not round your intermediate calculations.) 9.21% 8.71% 8.81% 9.52% 888%