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You are given the following information on Parrothead Enterprises: table [ [ ebt: , table [ [ 8 , 8 0 0 7

You are given the following information on Parrothead Enterprises:
\table[[ebt:,\table[[8,8007.4 percent coupon bonds outstanding, with 21 years to maturity],[and a quoted price of 107.5. These bonds pay interest semiannually and],[have a par value of $2,000.]]],[Common stock:,\table[[have a par value of $2,000.],[295,000 shares of common stock selling for $65.90 per share. The stock],[has a beta of 1.04 and will pay a dividend of $4.10 next year. The],[dividend is expected to grow by 5.4 percent per year indefinitely.]]],[Preferred stock:,\table[[9,400 shares of 4.7 percent preferred stock selling at $95.40 per],[share. The par value is $100 per share.]]],[Market,\table[[10.6 percent expected return, risk-free rate of 4.3 percent, and a 24],[percent tax rate.]]]]
Calculate 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.
WACC
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