You are given the following information for Huntington Power Co. Assume the company's tax rate is 35 percent.

Debt:	5,000 6 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 105 percent of par; the bonds make semiannual payments.
Common stock:	175,000 shares outstanding, selling for $58 per share; the beta is 1.10.
Market:	7 percent market risk premium and 5 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))