Larry Birdwatcher Inc. makes bird houses. The business is rolling out a new bird house. The CFO has gathered information for WACC calculation: Larry Birdwatcher Inc. has a Beta of 1.2. The risk-free rate is 2% and the market risk premium is 7%. The company has 100,000 shares outstanding with a current price of $9. The company also has 10,000 shares of preferred stock outstanding with a dividend rate of 6% and a par value of $100. It is currently trading for $85. Larry Birdwatchers cost of debt is 4.0%, and the 3,000 bonds with a par value of $1,000, currently trading for 98.5%. Larry Birdwatcher's tax rate is 21%. What is Larry Birdwatcher's WACC? Format: XX.XX% with no leading O's Please show work in Excel Beta Common Equity Risk-Free MRP #shares PPS MVE Preferred Stock div % Dividend #shares PPS Par MVP Debt Par #bonds Price wa MVD Firm MVF WACC Tax Rate