You are given the following information for Lighting Power Company. Assume the company's tax rate is 25 percent. Debt 10,0005.9 percent coupon bonds outstanding. $1,000 par value, 25 years to maturity, selling for 107 percent of par; the bonds make semiannual payments. Common stock: 430,000 shares outstanding, selling for $61 per share; the beta is 1.12 Preferred 18,500 shares of 3.7 percent preferred stock outstanding. a $100 par stock: value, currently selling for $82 per share. Market: 6 percent market risk premium and 4.7 percent risk-free rate. 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.)