You are looking at the following information: Debt Common stock: 5,000 5.5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 103 percent of par, the bonds make semiannual payments 120,000 shares outstanding, selling for $60 per share the beta is 112 15,500 shares of 5 percent preferred stock review my Ch8 Side 43: what does "... preferred stock phrase mean?) outstanding, currently selling for $106 per share. 7 percent market risk premium and 4 percent risk-free rate Preferred stock Market The company is in the 33 percent tax rate bracket based on its corporate income. Required: Find the WACC (Do not round your intermediate calculations) Multiple Choice O 794% BON O 7.114 The company is in the 33 percent tax rate bracket based on its corporate income. Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 7.94% 8.02% 7,84% 8.34% 8.57%