Given the following information for Evenflow Power Co., the WACC is __?___ percent. Assume the company's tax rate is 35 percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Debt:	8,000 bonds outstanding, 6.5 percent coupon rate (APR), $1,000 par value, 20 years to maturity, selling for 92 percent of par; the bonds make semiannual payments.
Common stock:	250,000 shares outstanding, selling for $57 per share; the beta is 1.05.
Preferred stock:	15,000 shares of 5 percent preferred stock outstanding, currently selling for $93 per share. (Note: a 5% preferred stock means that the dividend is $5)
Market:	8 percent market risk premium and 4.5 percent risk-free rate.