The Saunders Investment Bank has the following financing outstanding Debt: 20,000 bonds with a coupon rate of 10 percent and a current price quote of 108.0; the bonds have 20 years to maturity. 190,000 zero coupon bonds with a price quote of 19.5 and 30 years until maturity. 110,000 shares of 8 percent preferred stock with a current price of $83, and a par value of $100. Preferred stock: Common stock: 2,200,000 shares of common stock; the current price is $69, and the beta of the stock is 1.35 Market: The corporate tax rate is 40 percent, the market risk premium is 7 percent, and the risk- free rate is 4 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)) WACC