Consider the following information for evenflow power co., debt: 5,000 6.5 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. common stock: 115,000 shares outstanding, selling for $58 per share; the beta is 1.14. preferred stock: 14,000 shares of 6 percent preferred stock outstanding, currently selling for $105 per share. market: 8 percent market risk premium and 5.5 percent risk-free rate. assume the company's tax rate is 32 percent.
find the wacc.