You are given the following information for Huntington Power Co. Assume the companys tax rate is 25 percent.

Debt: 30,000 4.9 percent coupon bonds outstanding, $2,000 par value, 25 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.

Common stock: 470,000 shares outstanding, selling for $76 per share; the beta is 1.10.

Market: 6 percent market risk premium and 4.1 percent risk-free rate. What is the company's WACC?