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Consider the following information for Watson Power Co.: Debt: Common stock: 4,000 7.5 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 88,000 shares outstanding, selling for $56 per share; the beta is 1.13. 14,500 shares of 6 percent preferred stock outstanding, currently selling for $105 per share. 9 percent market risk premium and 6 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 34 percent. Find the WACC. Multiple Choice 10.34% Multiple Choice 10.34% 10.22% 11.18% O 10.62% 10.12%