You are looking at the following information: Debt: Common stock: 5,500 6 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 121,000 shares outstanding, selling for $63 per share; the beta is 1.16. 15,500 shares of 4.5 percent preferred stock (review my Ch.8 slide 43: what does "...% preferred stock" phrase mean?) standing, currently selli for $105 per share. 7.5 percent market risk premium and 4.5 percent risk-free rate. 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 8.63% 9.44% 9.13% 8.8% 8.73%