s P14-15 Finding the WACC (LO3] Consider the following information for Evenflow Power Co., Debt: Common stock: 4,500 5.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 94,500 shares outstanding, selling for $61 per share; the beta is 1.14. 13,500 shares of 4.5 percent preferred stock outstanding, currently selling for $105 per share. 7.5 percent market risk premium and 4 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 34 percent. Required: Find the WACC. (Do not round your intermediate calculations.)