P14-15 Finding the WACC [LO3] Consider the following information for Evenflow Power Co. 5,000 8 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 100,000 shares outstanding, selling for $63 per share; the beta is 1.06. 15,500 shares of 7 percent preferred stock outstanding, currently selling for $104 per share 10 percent market risk premium and 6.5 percent risk-free rate. Debt: Common stock Preferred stock: Market: Assume the company's tax rate is 32 percent Required Find the WACC. (Do not round your intermediate calculations.) ? 11.09% ? 11.28% 0 11.59% ? 11.19% ? 12.17%