Given the following information for Watson Power Co$.,$ find the WACC. Assume the

company's tax rate is $21$ percent.

Debt: $10,0006\mathrm{.}4$ percent coupon bonds outstanding, $$1,000$ par value, $25$ years to

maturity, selling for $108$ percent of par; the bonds make semiannual payments.

Common stock: $495,000$ shares outstanding, selling for $$63$ per share; the beta is

$1\mathrm{.}15.$

Preferred stock: $35,000$ shares of $3\mathrm{.}5$ percent preferred stock outstanding, currently

selling for $$72$ per share.

Market: $7$ percent market risk premium and $3\mathrm{.}2$ percent risk$-$free rate.

Complete the following analysis. Do not hard code values in your calculations.

Leave the "Basis" input blank in the YIELD function. You must use the built$-$in