The IPO Investment Bank has the following financing outstanding. Debt:pricequoteof21.5and30yearsuntilmaturity.Bothbondshaveaparvalue40,000bondswithacouponrateof7percentandacurrentpricequoteof114;thebondshave20yearstomaturity.210,000zerocouponbondswithaof$1,000andsemiannualcoupons. Preferred stock: 130,000 shares of 5 percent preferred stock with a current price of $78, and a par value of $100. Common stock: 2,400,000 shares of common stock; the current price is $64, and the beta of the stock is 1.45. Market: The corporate tax rate is 23 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.) Answer is complete but not entirely correct