Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 35%. Debt: 5,000 bonds outstanding paying 6% coupon making semi- annual payments, maturing in 25 years, selling for 105 (percent of par), with $1,000 par value for each bond; Stock: 175,000 common shares outstanding, selling for $58 per share. The Beta of the company is 1.10; Market: The market's expected risk premium is 7% and the current risk- free rate is 2%. Use the yield to maturity of the debt to calculate its cost of debt and the CAPM to calculate its cost of equity