The Saunders Investment Bank has the following financing outstanding.

Debt:	70,000 bonds with a coupon rate of 10 percent and a current price quote of 110.0; the bonds have 20 years to maturity. 240,000 zero coupon bonds with a price quote of 20.0 and 30 years until maturity.
Preferred stock:	160,000 shares of 8 percent preferred stock with a current price of $75, and a par value of $100.
Common stock:	2,700,000 shares of common stock; the current price is $61, and the beta of the stock is 1.30.
Market:	The corporate tax rate is 25 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 round your final answer to 2 decimal places. (e.g., 32.16))