The IPO Investment Bank has the following financing outstanding.

Debt: $,30,000$ bonds with a coupon rate of $9$ percent and a current price quote of

$114$ ; the bonds have $20$ years to maturity. $200,000$ zero coupon bonds with a

price quote of $19$ and $30$ years until maturity. Both bonds have a par value of

$$1,000$ and semiannual coupons.

Preferred stock: $120,000$ shares of $7$ percent preferred stock with a current price of $$82,$ and

a par value of $$100.$

Common stock: $2,300,000$ shares of common stock; the current price is $$68,$ and the beta of

the stock is $1\mathrm{.}3.$

Market: The corporate tax rate is $23$ percent, the market risk premium is $8$ percent,

and the risk$-$free rate is $5$ 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$.,32\mathrm{.}16.)$