Consider the following information for Evenflow Power Co., Debt: Common stock: Preferred stock: 5,000 6.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 110,000 shares outstanding, selling for $64 per share; the beta is 1.11. 15,500 shares of 6 percent preferred stock outstanding, currently selling for $104 per share. 8 percent market risk premium and 5 percent risk-free rate. Market: Assume the company's tax rate is 32 percent. Required: Find the WACC. (Do not round your intermediate calculations.)