You are looking at the following information: 3,000 7.5 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 66,000 shares outstanding, selling for $58 per share; the beta is 1.1 9,500 shares of 6 percent preferred stock outstanding, currently selling for $107 per share. 8.5 percent market risk premium and 5.5 percent risk-free rate. Debt: Common stock: Preferred stock: Market The company is in the 32 percent tax rate bracket based on its corporate income. Required Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 9.65% 9.9% 9.75% 10.65%