Question 22 Question 19-22 are based on the following information Given the following information for Gerken Power Co find the WACC Assume the company's tax rate is 35 percent. Debt: 15,500 6.4% coupon bonds outstanding. $1,000 par value 25 years to maturity, selling 107% of par, the bonds make semiannual payments Common stock 495.000 shares outstanding, selling for $82 per share: beta is 1.20 Preferred stock 20.000 shares of 4.20% preferred stock outstanding, currently selling for $90 per share. Market: 7% market risk premium and 3 10% risk-free rate. What is the weighted average cost of capital (WACC)? (please put your answer in % for example 10 not 0.10) 1 pt Question 23