You are looking at the following information: Debt: Common stock: Preferred stock: 4,000 6.5 percent coupon bonds outstanding. $1,000 par value, 22 years to maturity, selling for 105 percent of par, the bonds make semiannual payments. 88,000 shares outstanding, selling for $64 per share; the beta is 1.07 13,500 shares of 6 percent preferred stock (review my Ch.8 slide 43: what does ...% preferred stock' phrase mean?). outstanding, currently selling for $108 per share. 8 percent market risk premium and 5.5 percent risk-free rate. Market: The company is in the 35 percent tax rate bracket based on its corporate income, Required: Find the WACC. (Do not round your intermediate calculations.) Multiple Choice O 9.99% O 9.37%