You are given the following information for huntington power company. assume the company’s tax rate is 25 percent. debt: 34,000 5.3 percent coupon bonds outstanding, $2,000 par value, 26 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. common stock:490,000 shares outstanding, selling for $80 per share; the beta is 1.14. market:6 percent market risk premium and 4.5 percent risk-free rate. what is 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.)