Information on Janicek Power Co., is shown below. Assume the company's tax rate is 34 percent. Debt: 10,100 bonds outstanding with 8.7 percent coupons, $1,000 par value, 24 years to maturity, selling for 96.0 percent of par; the bonds make semiannual payments. Common stock: 226,000 shares outstanding, selling for $84.6 per share; beta is 1.31 . Preferred stock: 13,600 shares preferred stock outstanding with $5.80 dividend per year, currently selling for $96.4 per share. Market: 7.05 percent market risk premium and 4.85 percent risk-free rate. Required: Calculate the WACC. (Do not include the percent sign (\%). Round your answer to 2 decimal places (e.g., 32.16).) WACC: %