Consider the following information for Watson Power Co.: Debt: Common stock: Preferred stock 5,000 8.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 105,000 shares outstanding, selling for $64 per share; the beta is 1.19. 14,500 shares of 8 percent preferred stock outstanding, currently selling for $106 per share. 9 percent market risk premium andy7.5 percent risk-free rate. Market: Assume the company's tax rate is 34 percent. Find the WACC. Multiple Choice O 12.02% C ) 13.09%