You are given the following information for Huntington Power Co. Assume the companys tax rate is 38 percent.

Debt: 7,000 6.8 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. Common stock: 400,000 shares outstanding, selling for $58 per share; the beta is 1.14. Market: 7 percent market risk premium and 4.80 percent risk-free rate. What is the companys WACC? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))