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

Debt:	10,000 7.7 percent coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock:	490,000 shares outstanding, selling for $67 per share; the beta is 1.10.
Market:	8 percent market risk premium and 5.70 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))