You are given the following information for Huntington Power Co. Assume the company's tax rate is 23 percent. Debt: 32,0005.1 percent coupon bonds outstanding, $2,000 par value, 22 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. Common 480,000 shares outstanding, selling for $78 per share; the beta is 1.12 . stock: Market: 8 percent market risk premium and 4.3 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)