Question 25 1 pts a challenging question: You are given the following information on Parrothead Enterprises Debt: 9,600 7.1 percent coupon bonds outstanding, with 24 years to maturity and a quoted price of 105.5. These bonds pay interest semiannually and have a par value of $1.000. Common stock 255.000 shares of common stock selling for $65.10 per share. The stock has a beta af.96 and will pay a dividend of $3.30 next year. The dividend is expected to grow by 5.1 percent per year indefinitely Preferred stock 8,600 shares of 4.55 percent preferred stock selling at $94.60 per share. The par value is $100 per share. Market: 11.4 percent expected return, tisk free rate of 3.9 percent, and a 21 percent tax rate What is the company's WACC? 4.81% 10% BX9.94 O 48%