ou are given the following information concerning Parrothead Enterprises:

Debt:	8,800 7.4 percent coupon bonds outstanding, with 21 years to maturity and a quoted price of 107.50. These bonds have a par value of $2,000 and pay interest semiannually.
Common stock:	295,000 shares of common stock selling for $65.90 per share. The stock has a beta of 1.04 and will pay a dividend of $4.10 next year. The dividend is expected to grow by 5.4 percent per year indefinitely.
Preferred stock:	9,400 shares of 4.70 percent preferred stock selling at $95.40 per share.
Market:	10.6 percent expected return, a risk-free rate of 4.30 percent, and a 24 percent tax rate.

What is the firm's cost of each form of financing? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

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