You are given the following information for Watson Power Co. Assume the company’s tax rate is 40 percent. Debt: 5,000 7.2 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Common stock: 440,000 shares outstanding, selling for $62 per share; the beta is 1.05. Preferred stock: 22,000 shares of 3 percent preferred stock outstanding, currently selling for $82 per share. Market: 11 percent market risk premium and 5.2 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 %?