You are given the following information on Parrothead Enterprises: 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 Common stock: 250,000 shares of common stock selling for $65.00 per share. The stock has a beta of .95 and wil1 pay a dividend of $3.20 next year. The dividend is Preferred stock: 8,500 shares to grow by 5 percent per year indefinitely. Market:parvalueis$100pershare.8,500sharesof4.5percentpreferredstocksellingat$94,50pershare.The11.5percentexpected 11.5 percent expected return, risk-free rate of 3.85 percent, and a 25 percent tax rate. Calculate the company's WACC. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decim