Consider the following information for Watson Power Co.: Debt Common stock: 4.000 7.5 percent coupon bonds outstanding, $1.000 par value, 21 years to maturity, selling for 105 percent of par, the bonds make semiannual payments 96,000 shares outstanding, selling for $59 per share the beta is 106. 13,500 shares of 7 percent preferred stock outstanding, currently selling for $107 per share 9 percent market risk premium and 7 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 32 percent Find the WACC. Multiple Choice 1139 109% 11.73% 11.09