The following information pertains to Torp Limited: Common Stock: 5.0 million shares outstanding - \$14.50 per share market price - Beta =1.10 - Expected return on market =10.00% - risk-free rate =3.95% Preferred Stock: 3.0 million shares outstanding - $8.00 per share market price - $10.00 per share par value - annual preferred dividend rate =6.00% Bonds: 25,000 bonds outstanding - $1,000 face value each - Semi-annual coupons - 5.00% coupon rate - 10 years to maturity - YTM=5.7% What is the total market value of the bonds? What is Torp Limited's WACC? 8.48% 9.92% 2.62% 9.02%