Consider the following information for Watson Power Company:

Debt:

Common stock:

Preferred stock

Market:

$3,0005$ percent coupon bonds outstanding. $$1,000$ par value, $17$ years to maturity, selling for $104$ percent of par, the bonds make semiannual payments.

$69,000$ shares outstanding, selling for $$58$ per share; the beta is $1\mathrm{.}08.$

$10,500$ shares of $4\mathrm{.}5$ percent preferred stock outstanding. currently selling for $$105$ per share.

$7$ percent market risk oremium and $4$ percent risk$-$free rate.

Assume the company's tax rate is $33$ percent.

Find the WACC.