The Saunders Investment Bank has the following financing outstanding. Debt: 30,000 bonds with a coupon rate of 6 percent and a current price quote of 112.0; the bonds have 20 years to maturity. 200,000 zero coupon bonds with a price quote of 21.0 and 30 years until maturity. Preferred stock: 120,000 shares of 4 percent preferred stock with a current price of $86, and a par value of $100. Common stock: 2,300,000 shares of common stock; the current price is $72, and the beta of the stock is 1.50. 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 enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %