Consider the following information for Watson Power Co.: Debt: Common stock: 5,500 7.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 132,000 shares outstanding, selling for $58 per share; the beta is 1.17. 17,500 shares of 6.5 percent preferred stock outstanding, currently selling for $105 per share. 9.5 percent market risk premium and 6.5 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 33 percent. Find the WACC. Multiple Choice 11.58% O 12.34% 11.85% 11.35% 11.45%