You are given the following information on Parrothead Enterprises: \begin{tabular}{ll} Debt: & 9,5007 percent coupon bonds outstanding, with 25 years to maturity and a \\ & quoted price of 105.25. These bonds pay interest semiannually and have a par \\ & value of $1,000. \\ & 250,000 shares of common stock selling for $65.00 per share. The stock has a \\ beta of .95 and will pay a dividend of $3.20 next year. The dividend is \\ expected to grow by 5 percent per year indefinitely. \\ Preferred stock: \\ 8,500 shares of 4.5 percent preferred stock selling at $94.50 per share. The \\ parket: & 11.5 percent expected return, risk-free rate of 3.85 percent, and a 25 \\ & 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 . Occam Industrial Machines issued 100,000 zero coupon bonds 4 years ago. The bonds originally had 30 years to maturity with a yield to maturity of 5.8 percent. Interest rates have recently decreased, and the bonds now have a yield to maturity of 4.9 percent. The bonds have a par value of $2,000 and semiannual compounding. If the company has a $73.8 million market value of equity, what weight should it use for debt when calculating the cost of capital? Note: Do not round intermediate calculations and round your answer to 4 decimal places, e.g., .1616