You are given the following information for Huntington Power Co. Assume the company’s tax rate is 40 percent. Debt: 5 000 6.6 percent coupon bonds outstanding $1 000 par value 20 years to maturity selling for 109 percent of par; the bonds make semiannual payments.Common stock: 380 000 shares outstanding selling for $56 per share; the beta is 1.12. Market: 5 percent market risk premium and 4.60 percent riskfree rate.What is the company’s WACC? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g. 32.16))