You are given the following information for Lightning Power Company. Assume the company's tax rate is 22 percent. Debt: Common stock: Preferred stock: Market: 17,000 6.6 percent coupon bonds outstanding, $1,000 par value, 26 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. 500,000 shares outstanding, selling for $68 per share; beta is 1.19. 22,000 shares of 4.4 percent preferred stock outstanding, a $100 par value, selling for $89 per share. 7 percent market risk premium and 5.5 percent risk-free rate. What is the company's WACC? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.