P14-15 Finding the WACC (LO3] Consider the following information for Evenflow Power Co.. Debt: Common stock: 4,500 7.5 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 112,500 shares outstanding, selling for $56 per share; the beta is 1.19. 13,000 shares of 7 percent preferred stock outstanding, currently selling for $103 per share. 8.5 percent market risk premium and 6.5 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 35 percent. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 11.49% 10.99%