You are given the following information for Cleen Power Co. Assume the company's tax rate is 40 percent.

Debt:7,000 7.4 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 103 percent of par; the bonds make semiannual payments.

Common stock:460,000 shares outstanding, selling for $64 per share; the beta is 1.07.

Market:7 percent market risk premium and 5.4 percent risk-free rate.

What is the company's WACC?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

WACC?%