You are given the following information concerning Parrothead Enterprises Debt 13,000 6.4 percent coupon bonds outstanding, with 15 years to maturity and a quoted price of 107. These bonds pay interest semiannually Common stock 345,000 shares of common stock selling for $76.50 per share. The stock has a beta of 90 and will pay a dividend of $3.80 next year. The dividend is expected to grow by 5 percent per year indefinitely Preferred stock 10.000 shares of 4.4 percent preferred stock selling at $86 per share Market 11 percent expected return, risk-free rate of 3.6 percent and a 22 percent tax rate Calculate the company's WACC (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) You are given the following information concerning Parrothead Enterprises Debt 13,000 6.4 percent coupon bonds outstanding, with 15 years to maturity and a quoted price of 107. These bonds pay interest semiannually Common stock 345,000 shares of common stock selling for $76.50 per share. The stock has a beta of 90 and will pay a dividend of $3.80 next year. The dividend is expected to grow by 5 percent per year indefinitely Preferred stock 10.000 shares of 4.4 percent preferred stock selling at $86 per share Market 11 percent expected return, risk-free rate of 3.6 percent and a 22 percent tax rate Calculate the company's WACC (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.)