P14-15 Finding the WACC [LO3] Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 4.500 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. 112,500 shares outstanding, selling for $59 per share; the beta is 115. 13,000 shares of 7 percent preferred stock outstanding, currently selling for $105 per share. 9 percent market risk premium and 7 percent risk-free rate. Market: Assume the company's tax rate is 33 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 11.51% P14-15 Finding the WACC [LO3] Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 4.500 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. 112,500 shares outstanding, selling for $59 per share; the beta is 115. 13,000 shares of 7 percent preferred stock outstanding, currently selling for $105 per share. 9 percent market risk premium and 7 percent risk-free rate. Market: Assume the company's tax rate is 33 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 11.51%