Connect work mode: This shows what is correct or incorrect for the work you have completed so far. You are given the following information for Lightning Power Co. Assume the company's tax rate is 21 percent. Debt: 6,000 5.5 percent coupon bonds outstanding. $1,000 par value, 21 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. Common stock: 390,000 shares outstanding, selling for $57 per share; beta is 1.14. Preferred 16,500 shares of 3.3 percent preferred stock outstanding, currently stock: selling for $78 per share. The par value is $100 per share. Market: 5 percent market risk premium and 4.3 percent risk-free rate. 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. 32.16.) Answer is complete but not entirely correct. WACC MacBook Air