answer w explanation, please!

Problem 14-15 Finding the WACC (LO3) You are given the following information for Lighting Power Company. Assume the company's tax rate is 21 percent. Debt: 21,000 7 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 108 percent of par, the bonds make semiannual payments. Common stock 540,000 shares outstanding, selling for $72 per share; the beta is 1.18. Preferred 24,000 shares of 4.8 percent preferred stock outstanding, a $100 par stock: "value, currently selling for $93 per share. Market: 5 percent market risk premium and 5.3 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., 32.16.) WACC %