Information on Janicek Power Co. is shown below. Assume the company's tax rate is 40 percent Debt: 9,900 9.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 97 percent of par, the bonds make semiannual payments. Common stock: 224,000 shares outstanding, selling for $84.40 per share; beta is 1.29. Preferred stock: 13,400 shares of 5.95 percent preferred stock outstanding, currently selling for $96.60 per share. Market: 7.2 percent market risk premium and 5 percent risk-free rate. Required: Calculate the company's WACC (Do not round Intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (0.9., 32.16).) WACC %