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You are given the following information for Huntington Power Co. Assume the company's tax rate is 23 percent. Debt: 20,000 4.8 percent coupon bonds outstanding, $2,000 par value, 23 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. Common stock: 420,000 shares outstanding, selling for $66 per share; the beta is 91. Market: 8 percent market risk premium and 3.1 percent risk-free rate. What is 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.)