28 Problem 14-15 Finding the WACC [LO3] You are given the following information for Watson Power Co. Assume the company's tax rate is 22 percent. ints 22,000 71 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 107 percent of par; the bonds make semiannual payments. Debt: eBook Common stock: 550,000 shares outstanding, selling for $73 per share; the beta is 1.17. Hint Preferred24,500 shares of 4.9 percent preferred stock outstanding, currently stock: selling for $94 per share. The par value is $100 per share. Print Market: 6 percent market risk premium and 5.2 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations and enter your ererencesanswer as a percent rounded to 2 decimal places, e.g. 32.16.) WACC