Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 4,000 7.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 88,000 shares outstanding, selling for $62 per share; the beta is 1.12. 11,500 shares of 7 percent preferred stock outstanding, currently selling for $105 per share. 8.5 percent market risk premium and 7 percent risk-free rate. Market: Assume the company's tax rate is 32 percent. Required: Find the WACC. (Do not round your intermediate calculations.)