You are given the following information on Parrothead Enterprisesi Debt 9,300 74 percent coupon bonds outstanding, with 21 years to maturity and a quoted price of 108.75. These bonds pay interest semiannually and have a par value of $2,000 Common stock. 320,000 shares of common stock selling for $66.40 per share. The stock has a beta of 109 and will pay a dividend of $4 60 next year. The dividend is expected to grow by 5.4 percent per year indefinitely Preferred stock: 9.900 shares of 4.7 percent preferred stock selling at $95 90 per share. The par value is $100 per share. Market risk-free rate of 4.55 percent, and a 24 101 percent expected retum percent tax rate Calculate the company's WACC. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC