Finding the WACC ----Given the following information for Evenflow Power Co. find the WACC. Assume the company's tax rate is 35% Debt: 8,000 6.5% coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 92% of par; the bonds make a semiannual payments. Common Stock: 250,000 shares outstanding, selling for $57 per share; the beta is 1.05 Preferred stock: 15,000 shares of 5% preferred stock outstanding, currently selling for $93 per share Market: 8% market risk premium and 4.5% risk-free rate