You are given the following information for Lightning Power Company. Assume the company's tax rate is 23 percent. \begin{tabular}{ll} Debt: & 23,0007.2 percent coupon bonds outstanding, $1,000 par value, 19 years \\ & to maturity, selling for 106 percent of par; the bonds make semiannual \\ & payments. \\ Common stock: & 560,000 shares outstanding, selling for $74 per share; beta is 1.17. \\ Preferred stock: & 25,000 shares of 5 percent preferred stock outstanding, a $100 par \\ & value, selling for $95 per share. \\ Market: & 7 percent market risk premium and 5.1 percent risk-free rate. \end{tabular} 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