You are given the following information for Lightning Power Company. Assume the company's tax rate is 22 percent. \begin{tabular}{|c|c|} \hline Debt: & \begin{tabular}{l} 7,0e0 5.6 percent coupon bonds outstanding, $1,90 par value, 22 years \\ to maturity, selling for 104 percent of par; the bonds make seniannual \\ payments. \end{tabular} \\ \hline Common stock: & 40,00 shares outstanding, selling for $58 per share; beta is 1.09 . \\ \hline Preferred stock: & \begin{tabular}{l} 17,0e0 shares of 3.4 percent preferred stock outstanding, a $100 par \\ value, selling for $79 per share. \end{tabular} \\ \hline Market: & 6 percent market risk prenius and 4,4 percent risk-free rate. \\ \hline \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