The Saunders Investment Bank has the following financing outstanding.

Debt:	47,000 bonds with a coupon rate of 5.2 percent and a current price quote of 105.5; the bonds have 16 years to maturity and a par value of $1,000. 16,300 zero coupon bonds with a price quote of 25.3, 25 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding.
Preferred stock:	142,000 shares of 3.7 percent preferred stock with a current price of $89 and a par value of $100.
Common stock:	2,040,000 shares of common stock; the current price is $79 and the beta of the stock is 1.15.
Market:	The corporate tax rate is 22 percent, the market risk premium is 7.2 percent, and the risk-free rate is 3.2 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.)