The Saunders Investment Bank has the following financing outstanding.

Debt:	20,000 bonds with a coupon rate of 12 percent and a current price quote of 110.0; the bonds have 20 years to maturity. 190,000 zero coupon bonds with a price quote of 20.5 and 30 years until maturity.
Preferred stock:	110,000 shares of 10 percent preferred stock with a current price of $85, and a par value of $100.
Common stock:	2,200,000 shares of common stock; the current price is $71, and the beta of the stock is 1.45.
Market:	The corporate tax rate is 30 percent, the market risk premium is 5 percent, and the risk-free rate is 2 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.)

WACC

%