You are given the following information concerning Parrothead Enterprises: Debt: 10,600 7.1 percent coupon bonds outstanding, with 24 years to maturity and a quoted price of 108. These bonds pay interest semiannually. Common stock: 305,000 shares of common stock selling for $66.10 per share. The stock has a beta of 1.02 and will pay a dividend of $4.30 next year. The dividend is expected to grow by 5.1 percent per year indefinitely. Preferred stock: 9,600 shares of 4.55 percent preferred stock selling at $95.60 per share. Market: An expected return of 10.4 percent, a risk-free rate of 5.05 percent, and a 34 percent tax rate. Calculate the WACC for Parrothead Enterprises. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)    WACC             %