You are given the following information for Huntington Power Company. Assume the companys tax rate is 24 percent. Debt: 33,000 5.2 percent coupon bonds outstanding, $2,000 par value, 25 years to maturity, selling for 107 percent of par; the bonds make semiannual payments. Common stock: 485,000 shares outstanding, selling for $79 per share; the beta is 1.13. Market: 7 percent market risk premium and 4.4 percent risk-free rate