You are given the following information for Lightning Power Co. Assume the company's tax rate is 24 percent. Debt: 19,0006.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 111 percent of par; the bonds make semiannual payments. Common 520,000 shares outstanding, selling for $70 per share; beta is 1.21 . stock: Preferred 23,000 shares of 4.6 percent preferred stock outstanding, currently stock: selling for $91 per share. The par value is $100 per share. Market: 6 percent market risk premium and 5.5 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.)