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Consider the following information for Evenflow Power Co., Debt: 2,500 5.5 percent coupon bonds outstanding, $1,000...

Consider the following information for Evenflow Power Co., Debt: 2,500 5.5 percent coupon bonds outstanding, $1,000 par value, 23 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. Common stock: 57,500 shares outstanding, selling for $60 per share; the beta is 1.07. Preferred stock: 8,000 shares of 4 percent preferred stock outstanding, currently selling for $106 per share. Market: 7 percent market risk premium and 3.5 percent risk-free rate. Assume the company's tax rate is 34 percent. Required: Find the WACC

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