Given the following information for Evenflow Power Co., the WACC is _______ percent. Assume the company's tax rate is 32 percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Debt:	3,500 8.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 103 percent of par; the bonds make semiannual payments.
Common stock:	80,500 shares outstanding, selling for $59 per share; the beta is 1.16.
Preferred stock:	12,000 shares of 8 percent preferred stock outstanding, currently selling for $104 per share.
Market:	10 percent market risk premium and 7.5 percent risk-free rate.