"Global Manufacturing has 2,550,000, shares of common stock outstanding. The current share price is 115.67. Global also has two semi-annual bond issues outstanding. The first bond issue has a face value of $4,547,200, a coupon rate of 8.21%, and sells for 108.30% of par. The second issue has a face value of $6,004,200, a coupon rate of 6.59%, and sells for 106.90% of par. The first issue matures in 12 years, the second in 24 years.

Suppose the most recent dividend was $0.56 and the constant dividend growth rate is 15.31%. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 20.00%. What is the companys WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)"