You are given the following information for Huntington Power Co. Assume the companys tax rate is 40 percent. What is the companys WACC. debt 8,000 7.5 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.

Common stock 70,000 shares outstanding, selling for $65 per share; the beta is 1.08. Market 8 percent market risk premium and 5.50 percent risk-free rate.