Problem 12-11 Finding the WACC You are given the following information for Huntington Power Co. Assume the companys tax rate is 38 percent. Debt: 9,000 7.6 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. Common stock: 480,000 shares outstanding, selling for $66 per share; the beta is 1.09. Market: 9 percent market risk premium and 5.6 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 %