information on Gerken Power Co, is shown below Assume the company's tax rate is 38 percent 9 300 8 3 percent coupon bonds outstanding, $1.000 par valus 22 yeare to malurity siling for 1e1 percens ot par the bonds m Debt semiannual payments Comman stock. 218,000 shares outstanding, selling for $83 80 per share, bela is 1 23 Preterred stock 12.800 shares of 5 9 percent preferred stock outstanding, currently selling for $97 20 per share Manket Required places, e.g.. 32.16.) 7.15 parcent market risk premium and 4 95 percent risk free rate Calculate the company's WACC. (Do not round intermediate calculations and enter your answer a