Consider the following information for Watson Power Co.: Debt: Common stock: 4,500 6.5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 99,900 shares outstanding, selling for $55 per share; the beta is 1.11. 14,500 shares of 6 percent preferred stock outstanding, currently selling for $104 per share. 8 percent market risk premium and 5 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 33 percent. Find the WACC. Multiple Choice O 9.05% 9.76% O 8.94% 8.84% O 9.34%