Given the following information for Evenflow Power Co., the WACC is percent. Assume the company's tax rate is 35 percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Debt:
8,000 bonds outstanding, 6.5 percent coupon rate (APR), $1,000 par value, 20 years to maturity, selling for 92 percent of par; the bonds make semiannual payments.

Common stock:
250,000 shares outstanding, selling for $57 per share; the beta is 1.05.

Preferred stock:
15,000 shares of 5 percent preferred stock outstanding, currently selling for $93 per share. (Note: a 5% preferred stock means that the dividend is $5)

Market:
8 percent market risk premium and 4.5 percent risk-free rate.

Question

Given the following information for Evenflow Power Co., the WACC is percent. Assume the company's tax rate is 35 percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Debt:	8,000 bonds outstanding, 6.5 percent coupon rate (APR), $1,000 par value, 20 years to maturity, selling for 92 percent of par; the bonds make semiannual payments.
Common stock:	250,000 shares outstanding, selling for $57 per share; the beta is 1.05.
Preferred stock:	15,000 shares of 5 percent preferred stock outstanding, currently selling for $93 per share. (Note: a 5% preferred stock means that the dividend is $5)
Market:	8 percent market risk premium and 4.5 percent risk-free rate.

	8.58%
	9.35%
	8.48%
	8.7%
	8.98%

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Debt:		4,500 6.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.
Common stock:		103,500 shares outstanding, selling for $65 per share; the beta is 1.05.
Preferred stock:		12,500 shares of 5.5 percent preferred stock outstanding, currently selling for $105 per share.
Market:		7.5 percent market risk premium and 4.5 percent risk-free rate.