You are given the following information on Parrothead Enterprises: Debt: Common stock: Preferred stock: Market: 9,600 7.1 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. WACC 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 dividend is expected to grow by 5.1 percent per year indefinitely. 8,600 shares of 4.55 percent preferred stock selling at $94.60 per share. The par value is $100 per share. 11.4 percent expected return, risk-free rate of 3.9 percent, and a 21 percent tax rate. Calculate the company's WACC. Note: Do not round intermediate calculations and enter your Swe as a percent rounded to 2 decimal places, e.g., 32.16. %

You are given the following information on Parrothead Enterprises: Debt z Common stock : Preferred stock: Market: 9,600 7.1 percent coupon bonds outstanding, with 24 years to maturity and a quoted price of 165.5 . These bonds pay interest semiannually and have a par value of $1,000. 255,090 shares of comen 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 dividend is expected to grow by 5.1 percent per year indefinitely. 8,600 shares of 4.55 percent preferred stock selling at $94.69 per share. The par value is $100 per share. 11.4 percent expected return, risk-free rate of 3.9 percent, and a 21 percent tax rate. Calculate the company's WACC. Note: Do not round intermediate calculations and enter your answer as o percent rounded to 2 decimal places, e.g., 32.16