The Saunders Investment Bank has the following financing outstanding. Debt: 48,000 bonds with a coupon rate of 5.3 percent and a current price quote of 105.7; the bonds have 10 years to maturity and a par value of $1,000. 16,500 zero coupon bonds with a price quote of 25.8, 26 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding. Preferred stock: 143,000 shares of 3.8 percent preferred stock with a current price of $90 and a par value of $100. Common stock: 2,060,000 shares of common stock; the current price is $80 and the beta of the stock is 1.20. Market: The corporate tax rate is 23 percent, the market risk premium is 7.3 percent, and the risk-free rate is 3.3 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.)