You are given the following information for Huntington Power Company. Assume the company$$s tax rate is $25$ percent.

Debt:

$34,0005\mathrm{.}3$ percent coupon bonds outstanding, $$2,000$ par value, $26$ years to maturity, selling for $106$ percent of par; the bonds make semiannual payments.

Common stock: $490,000$ shares outstanding, selling for $$80$ per share; the beta is $1\mathrm{.}14.$

Market: $6$ percent market risk premium and $4\mathrm{.}5$ percent risk$-$free rate.

What is the company's WACC? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$