You are given the following information for Kleen Power Co. Assume the company's tax rate is 38 percent.
Debt:
9,000 7.6 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 107 percent of par; the bonds make semiannual payments.
Common stock:
480,000 shares outstanding, selling for $66 per share; the beta is 1.09.
Market:
9 percent market risk premium and 5.6 percent risk-free rate.
How do you calculate the company's WACC?