Consider the following information for Evenflow Power Co., Debt Common stock: 4,500 8 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 90,000 shares outstanding, selling for $55 per share; the beta is 113 14,500 shares of 6.5 percent preferred stock outstanding, currently selling for $104 per share. 9 percent market risk premium and 5.5 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.)