The current stock price for a company is $33 per share, and there are 7 million shares outstanding. The beta for this firms stock is 1, the risk-free rate is 4.6, and the expected market risk premium is 6.4%. This firm also has 100,000 bonds outstanding, which pay interest semiannually. These bonds have a coupon interest rate of 8%, 16 years to maturity, a face value of $1,000, and an annual yield to maturity of 7.2%. If the corporate tax rate is 38%, what is the Weighted Average Cost of Capital (WACC) for this firm? (Answer to the nearest hundredth of a percent, but do not use a percent sign).