Problem 15 Given the following informaon for Lightning Power Co., nd the WAGE. Assume the company's tax rate is 35 percent. Debt: 3,000 5.5 percent coupon bonds outstanding. $1,000 par value, 25 years to maturity, selling for 106 percent of par Common stock: 310,000 shares outstanding, selling for $57 per share: the beta is 1.05. Preferred Stock: 15,000 shares of :1 percent preferred stock outstanding, currently selling for 72 per share. Market: 3" percent market risk premium and 4.5 percent riskfree rate