The Saunders Investment Bank has the following financing outstanding. Debt 50,000 bonds with a coupon rate of 5.1 percent and a current price quote of 104.5 ; the bonds have 15 years to maturity and a par value of $1,000,30,000 zero coupon bonds with a price quote of 23.6,30 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding. Preferred 235,000 shares of 3.6 percent preferred stock with a current price of stock: $87 and a par value of $100. Common 2,100,000 shares of common stock; the current price is $79 and the beta stock: of the stock is 1.08 . Market: The corporate tax rate is 23 percent, the market risk premium is 7 percent, and the risk-free rate is 3.6 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.)