Given the following information for Janicek Power Co., find the WACC. Assume the company's tax rate is 35 percent. Debt: 8,500 shares 7% coupon bonds outstanding, $1000 par value, 25 years to maturity selling for 108% of par, semi-annual payments. Common stock: 220,000 shares outstanding, selling for $85 per share; beta is 1.20 . Just paid dividend of $7.50 per share and an estimated dividend growth rate of 3%. Preferred stock: 15,000 shares 4.8% of par value preferred stock outstanding, currently selling for $98 per share. Par value of preferred stock is $100. Market 7.5% market risk premium and 3.0% risk-free rate