Consider the following information for Evenflow Power Co., Debt: 6,000 7.5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. Common stock: 138,000 shares outstanding, selling for $56 per share; the beta is 1.13. Preferred stock: 20,000 shares of 6 percent preferred stock outstanding, currently selling for $105 per share. Market: 9 percent market risk premium and 5.5 percent risk-free rate. Assume the company's tax rate is 31 percent. Required: Find the WACC. (Do not round your intermediate calculations.)