The Saunders Investment Bank has the following financing outstanding Debt: 130.000 bonds with a coupon rate of 9 percent and a current price quote of 112.0: the bonds have 20 years to maturity. 300,000 zero coupon bonds with a price quote of 170 and 30 years until maturity Preferred stock 220.000 shares of 7 percent preferred stock with a current price of $69. and a par value of 5100 Common stock 3,300,000 shares of common stock, the current price is $55 and the beta of the stock is 1.00 Market: The corporate tax rate is 35 percent, the market risk premium is 6 percent and the risk- free rate is 3 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