The Saunders Investment Bank has the following financing outstanding. Debt: 53,000 bonds with a coupon rate of 4.9 percent and a current price quote of 106.7; the bonds have 15 years to maturity and a par value of $1,000,17,500 zero coupon bonds with a price quote of 28.3,25 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding. Preferred 148,000 shares of 3.6 percent preferred stock with a current price of stock: $91 and a par value of $100. Common 2,160,000 shares of common stock; the current price is $85 and the beta stock: of the stock is 1.05 . Market: The corporate tax rate is 23 percent, the market risk premium is 6. percent, and the risk-free rate is 3.3 percent. What is the WACC for the company? (Do not round intermediate calculations and entel your answer as a percent rounded to 2 decimal places, e.g., 32.16.)