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

Debt: 5,000 6.6 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 109 percent of par; the bonds make semiannual payments.

Common stock: 380,000 shares outstanding, selling for $56 per share; the beta is 1.12.Market:5 percent market risk premium and 4.60 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))