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

Debt:	8,000 6.3 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock:	350,000 shares outstanding, selling for $53 per share; the beta is 1.09.
Market:	10 percent market risk premium and 4.30 percent risk-free rate.

You are given the following information for Huntington Power Co. Assume the company's tax rate is 40 percent. 8,000 6.3 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity selling for 106 percent of par, the bonds make semiannual payments. Debt: Common stock: 350,000 shares outstanding, selling for $53 per share, the beta is 1.09 Market: What is the company's WACC?(Do not round intermediate calculations and round your answer to 2 10 percent market risk premium and 4.30 percent risk-free rate decimal places. (e.g., 32.16)) WACC References