Given the following information for Bellevue Power Co, find the WACC. Assume the company's tax rate is 35 percent. Debt: 5,000. 7% coupon bonds outstanding, $ 1000 par value, 20 years to maturity, selling for 92 percent of par; bonds make semiannual payments. Common stock: 100,000 shares outstanding, selling for $57 per share; the beta is 1.15. Preferred stock: 13,000 shares of 7 percent preferred stock outstanding currently selling for $104 per share. Market: 8 percent market risk premium and 6 percent risk free rate