You are given the following information on Parrothead Enterprises: \begin{tabular}{ll} Debt: & 9,6007.1 percent coupon bonds outstanding, with 24 years to maturity \\ & and a quoted price of 105.5 . These bonds pay interest semiannually and \\ & have a par value of $1,000. \\ & 255,000 shares of common stock selling for $65.10 per share. The stock \\ & has a beta of .96 and will pay a dividend of $3.30 next year. The \\ Common stockividend is expected to grow by 5.1 percent per year indefinitely. & \\ Preferred stock: 8,600 shares of 4.55 percent preferred stock selling at $94.60 per \\ share. The par value is $100 per share. \\ Market: & 11.4 percent expected return, risk-free rate of 3.9 percent, and a 21 \\ & percent tax rate. \end{tabular} 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