Consider the following information for Watson Power Co.: Assume the company's tax rate is 33 percent. Find the WACC

Consider the following information for Watson Power Co.: Debt: Common stock: Preferred stock: Market: 5,000 5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. 120,000 shares outstanding, selling for $63 per share; the beta is 1.18. 16,500 shares of 4.5 percent preferred stock outstanding, currently selling for $108 per share. 6 percent market risk premium and 4.5 percent risk-free rate. Assume the company's tax rate is 33 percent. Find the WACC.