Connect Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It de 8 You are given the following information for Lightning Power Co. Assume the company's tax rate is 21 percent. Debt: 6,000 5.5 percent coupon bonds outstanding, S1.000 par value, 21 years to maturity, selling for 103 percent of par, the bonds make semiannual payments Common stock: 390,000 shares outstanding, selling for $57 per share; beta is 1.14. Preferred 16,500 shares of 3.3 percent preferred stock outstanding, currently stock: selling for $78 per share. The par value is $100 per share. Market: 5 percent market risk premium and 4.3 percent risk-free rate. What is 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.) Answer is complete but not entirely correct. WACC 4.43 % % MacBook Air