You are given the following information for Huntington Power Co. Assume the companys tax rate is 22 percent. Debt: 27,000 4.6 percent coupon bonds outstanding, $2,000 par value, 21 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. Common stock: 455,000 shares outstanding, selling for $73 per share; the beta is 1.07. Market: 6 percent market risk premium and 3.8 percent risk-free rate. What is the company's WACC?