Please show work.

The Saunders Investment Bank has the following financing outstanding. Debt: 80,000 bonds with a coupon rate of 11 percent and a current price quote of 112.0; the bonds have 20 years to maturity. 250,000 zero coupon bonds with a price quote of 19.5 and 30 years until maturity. Preferred stock: 170,000 shares of 9 percent preferred stock with a current price of $74, and a par value of $100. Common stock: 2,800,000 shares of common stock; the current price is $60, and the beta of the stock is 1.25. Market: The corporate tax rate is 40 percent, the market risk premium is 7 percent, and the risk-free rate is 4 percent.

What is 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.)