You are given the following information for Watson Power Co. Assume the companys tax rate is 24 percent

Debt:	24,000 7.3 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 107 percent of par; the bonds make semiannual payments.
Common stock:	570,000 shares outstanding, selling for $75 per share; the beta is 1.19.
Preferred stock:	25,500 shares of 5.1 percent preferred stock outstanding, currently selling for $96 per share. The par value is $100 per share.
Market:	6 percent market risk premium and 4.9 percent risk-free rate.

What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)