Problem 13-11 Finding the WACC You are given the following information for Huntington Power Company. Assume the company's tax rate is 23 percent. Debt: Common stock: Market: 32,000 5.1 percent coupon bonds outstanding, $2,000 par value, 22 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. 480,000 shares outstanding, selling for $78 per share; the beta is 1.12. 8 percent market risk premium and 4.3 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.) WACC %