You are looking at the following Information: Debt: Common stock: 3,500 7.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. 84,000 shares outstanding, selling for $60 per share; the beta Is 1.08 11,500 shares of 6.5 percent preferred stock (review my Ch.8 slide 43: what does " % preferred stock" phrase mean?) outstanding, currently selling for $105 per share. 8.5 percent market risk premlum and 6 percent risk-free Preferred stock: Market: rate. 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 11.17% 10.72% 10.43% 10.32% 10.22%