15, value: 6.76 points You are given the following information for Watson Power Co. Assume the company's tax rate is 30 percent. selling for 108 percent of par; the bonds make semiannual payments. 510,000 shares outstanding, selling for $69 per share; the beta is 1.12. Preferred stock: 29,000 shares of 4 percent preferred stock outstanding, currently selling for $89 per Debt: 6,000 7.9 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, Common stock: share. Market: 10 percent market risk premium and 5.9 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC