You are given the following information related to Orange Co. Calculate the WACC for Orange. Debt: 19,913 5.4% coupon bonds outstanding, quoted at 98.25, with 30 years to maturity. These bonds pay interest semiannually. Common Stock: 300,000 shares common stock selling for $58.15 per share. The stock has a beta of 1.07. Preferred Stock: 150,000 shares of preferred stock with a dividend of $6.3 per share. It is currently selling at $82.9 per share. Market: The market premium is 6.5%, and the risk-free rate of return is 1.25% tax bracket-21% Orange's WACC- % (Round your answer to two decimal places in percentage. For example, if your answer is 0.0547, input your answer as 5.47)