You are given the following information for Watson Power Co. Assume the company’s tax rate is 40 percent. Debt: 8,000 6.3 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. Common stock: 350,000 shares outstanding, selling for $53 per share; the beta is 1.09. Preferred stock: 13,000 shares of 3 percent preferred stock outstanding, currently selling for $73 per share. Market: 10 percent market risk premium and 4.3 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

WACC % ?