Debt: Common stock: 3,000 8.5 percent coupon bonds outstanding. $1,000 par value, 18 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. 69,000 shares outstanding, selling for $64 per share; the beta is 1.06. 10,000 shares of 7.5 percent preferred stock outstanding, currently selling for $105 per share. 9.5 percent market risk premium and 7 percent risk-free Preferred stock: Market: rate. Assume the company's tax rate is 34 percent. Find the WACC. Multiple Choice 12.64% 11.54% 11.76% O 12.04% 11 GA