Information on Lightning Power Co., is shown below. Assume the companys tax rate is 21 percent.

Debt:	18,100 5.7 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 107.7 percent of par; the bonds make semiannual payments.
Common stock:	615,000 shares outstanding, selling for $85.00 per share; beta is 1.10.
Preferred stock:	28,000 shares of 4.2 percent preferred stock outstanding, currently selling for $92.60 per share. The par value is $100.
Market:	6.9 percent market risk premium and 3.5 percent risk-free rate.

Calculate the company's WACC. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)