Debt: Common stock: 4,500 7 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 103,500 shares outstanding, selling for $61 per share; the beta is 1.14. 12,500 shares of 6 percent preferred stock outstanding, currently selling for $105 per share. 8 percent market risk premium and 5.5 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 32 percent. Find the WACC. Multiple Choice 09.91% 0 9.81% 0 10.31% o 9.98% 10.73%