Problem 12-15 Finding the WACC [LO 3] Information on Gerken Power Co., is shown below. Assume the company's tax rate is 40 percent. Debt: 8,900 8.2 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. Common stock: 214,000 shares outstanding, selling for $83.40 per share; beta is 1.19. Preferred stock: 12,400 shares of 5.95 percent preferred stock outstanding, currently selling for $97.60 per share. Market: 7.2 percent market risk premium and 5 percent risk-free rate. What is the company's cost of each form of financing? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 13.568 Cost of equity Aftertax cost of debt Cost of preferred stock Calculate the company's WACC. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC 10.375 %