You are given the following information for Huntington Power Co. Assume the companys tax rate is 34 percent.

Debt: 5,000 6 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: 320,000 shares outstanding, selling for $50 per share; the beta is 1.06.

Market: 5 percent market risk premium and 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).)