P14-15 Finding the WACC (LO3] Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 3,500 7.5 percent APR coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 104 percent of par: the bonds make semiannual payments. 80,500 shares outstanding, selling for $60 per share; the beta is 1.13. 12,000 shares of 6 percent preferred stock outstanding (note: take this percentage and convert it into decimal format, then multiply times 100 to find the preferred dividend), currently selling for $105 per share. 8.5 percent market risk premium and 5 percent risk-free rate. Market: Assume the company's tax rate is 32 percent. Required: Find the WACC. (Do not round your Intermediate calculations.) 10.21% 9.71% 9.81% (0) 10.66% 9.95%