Given the following information for Huntington Power Co$.,$ find the WACC. Assume the company$$s tax rate is $35$ percent.

Debt: $5,0006$ percent coupon bonds outstanding, $$1,000$ par value, $25$ years to maturity, selling for $105$ percent of par; the bonds make semiannual payments.

Common Stock: $175,000$ shares outstanding, selling for $$58$ per share; the beta is $1\mathrm{.}10.$

Market: $7$ percent market risk premium and $5$ percent risk$-$free rate.

Solve for WACC in Excel