You are given the following information for Huntington Power Co. Assume the companys 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 5.40 percent risk-free rate.

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