gEnabled Chapter 12 Hom You are given the following information for Lightning Power Co. Assume the company tax rate is 22 percent Debt 7000 56 percent coupon bonds outstanding. Stooo par value 22 years to metunity, soling for 104 percent of per, the bonds mais semiannual payments stock Common 400.000 shares outstanding, selling for $58 per share beta istog stock. Preferred 17000 shares of 3.4 percent preferred stock outstanding currently seiling for $79 per share. The par value is $100 per share 6 percent market risk premium and 44 percent risk the rate What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, s. 3216) Market WACC