You are given the following information for Lightning Power Company. Assume the company's tax rate is 22 percent. Debt:500,000sharesoutstanding,sellingfor$68pershare;betais1.19.Commonstock:Preferredstock:Market:17,0006.6percentcouponbondsoutstanding,$1,000parvalue,26yearstomaturity,sellingfor106percentofpar;thebondsmakesemiannualpayments.22,000sharesof4.4percentpreferredstockoutstanding,a$100parvalue,sellingfor$89pershare.7percentmarketriskpremiumand5.5percentrisk-freerate. 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