You are given the following information for Huntington Power Co. Assume the companys tax rate is 24 percent. Debt: 29,000 4.8 percent coupon bonds outstanding, $2,000 par value, 24 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. Common stock: 465,000 shares outstanding, selling for $75 per share; the beta is 1.09. Market: 8 percent market risk premium and 4 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.)