Consider the following information for Watson Power Co.: Debt Common stock: 2,500 8.5 percent coupon bonds outstanding. $1,000 par value, 19 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. 55,000 shares outstanding, selling for $60 per share; the beta is 1.1. 8,500 shares of 8 percent preferred stock outstanding, currently selling for $105 per share. 9.5 percent market risk premium and 8 percent risk-free Preferred stock: Market rate. Assume the company's tax rate is 32 percent. Find the WACC Multiple Choice 12.12 12.52% Assume the company's tax rate is 32 percent, Find the WACC Multiple Choice 12.12 12.52% 12:20 o 20 Pew Nav