The Saunders Investment Bank has the following financing outstanding.

Debt:	41,000 bonds with a coupon rate of 4.6 percent and a current price quote of 104.3; the bonds have 10 years to maturity and a par value of $1,000. 15,100 zero coupon bonds with a price quote of 22.3, 25 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding.
Preferred stock:	136,000 shares of 3.1 percent preferred stock with a current price of $83 and a par value of $100.
Common stock:	1,920,000 shares of common stock; the current price is $73 and the beta of the stock is 1.05.
Market:	The corporate tax rate is 21 percent, the market risk premium is 6.6 percent, and the risk-free rate is 3.1 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.)