You are given the following information for Huntington Power Company. Assume the company's tax rate is 25 percent. \begin{tabular}{ll} Debt: & \begin{tabular}{l} 34,0005.3 percent coupon bonds outstanding, $2,000 par value, 26 \\ years to maturity, selling for 106 percent of par; the bonds make \\ semiannual payments. \end{tabular} \\ Common & 490,000 shares outstanding, selling for $80 per share; the beta is 1.14. \\ stock: & \\ Market: & 6 percent market risk premium and 4.5 percent risk-free rate. \end{tabular} What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)