You are given the following information for Lightning Power Company. Assume the company's tax rate is $22$ percent.

$\backslash$table$[[$Debt:$,7,0005\mathrm{.}6$ percent coupon bonds outstanding, $$1,000$ par value, $22],[,$years to maturity, selling for $104$ percent of par; the bonds make$],[$Semiannual payments.,$400,000$ shares outstanding, selling for $$58$ per share; beta is$],[$Common stock:,$1\mathrm{.}09.],[$Preferred stock:,$17,000$ shares of $3\mathrm{.}4$ percent preferred stock outstanding, a $$100$