Consider the following information for Evenflow Power Co., Debt: Common stock: 3,000 6 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 66,000 shares outstanding, selling for $62 per share; the beta is 1.16. 9,000 shares of 5 percent preferred stock outstanding, currently selling for $104 per share. 7.5 percent market risk premium and 5 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 32 percent. Required: Find the WACC. (Do not round your intermediate calculations.)