Problem Evaluate the following information about how your company funds its operations: Preferred stock: 18,500 shares preferred stock outstanding Priced at $82 per share. $3.70 dividend per share. Debt: 10,000 bonds, 5.9% coupon bonds outstanding, with semiannual payments. $1,000 face value. . 25 years to maturity Selling at $1,070 per bond. Market 6% market risk premium 47% risk-free rate Company's tax rate is 25%. Common Stock: 430,000 shares outstanding, . Priced at $61 per share. Beta is 112 What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.) WACC