You are given the following information for Lightning Power Company. Assume the company's tax rate is 22 percent. \begin{tabular}{ll} Debt: & 7,0005.6 percent coupon bonds outstanding, $1,000 par value, 22 years \\ & to maturity, selling for 104 percent of par; the bonds make semiannual \\ & payments. \\ Common stock: & 400,000 shares outstanding, selling for $58 per share; beta is 1.09. \\ Preferred stock: & 17,000 shares of 3.4 percent preferred stock outstanding, a $100 par \\ & value, selling for $79 per share. \\ Market: & 6 percent market risk premium and 4.4 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