Watson Power Co Finding the WACC [LO3] Given the following information for find the WACC. Assume the company's tax rate is 35 percent. 10,000 6.4 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Debt: Common stock: 495,000 shares outstanding, selling for $63 per share; the beta Preferred stock: 35,000 shares of 3.5 percent preferred stock outstanding Market: is 1.15. currently selling for $72 per share. 7 percent market risk premium and 3.2 percent risk-free rate