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: 22,0007.1 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 107 percent of par; the bonds make semiannual payments. 550,000 shares outstanding, selling for $73 per share; beta is 1.17. 24,500 shares of 4.9 percent preferred stock outstanding, a $100 par value, selling for $94 per share. 6 percent market risk premium and 5.2 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.9., 32.16