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

Debt:	6,000 6.7 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 103 percent of par; the bonds make semiannual payments.
Common stock:	390,000 shares outstanding, selling for $57 per share; the beta is 1.13.
Market:	6 percent market risk premium and 4.70 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))