You are given the following information for Lightning Power Company. Assume the company's tax rate is $24$ percent.

$\backslash$table$[[$Debt:$,9,0005\mathrm{.}8$ percent coupon bonds outstanding, $$1,000$ par value, $24],[,$years to maturity, selling for $106$ percent of par; the bonds make$],[$Common stock:,$420,000$ shares outstanding, selling for $$60$ per share; beta is$],[,1\mathrm{.}11.],[$Preferred stock:,$18,000$ shares of $3\mathrm{.}6$ percent preferred stock outstanding, a $$100$