$25.$ Hilliard Corp. wants to calculate its weighted average cost of capital $($WACC$).$ The company$$s CFO has collected the following information: The company$$s long$-$term bonds currently offer a yield to maturity of $8$ percent. The company$$s stock price is $$32$ per share $($P$0=$ $$32).$ The company recently paid a dividend of $$2$ per share $($D$0=$ $$2\mathrm{.}00).$ The dividend is expected to grow at a constant rate of $6$ percent a year $($g $=6\%).$ The company pays a $10$ percent flotation cost whenever it issues new common stock $($F $=10\%).$ The company$$s target capital structure is $75$ percent equity and $25$ percent debt. The company$$s tax rate is $40$ percent. The company anticipates issuing new common stock during the upcoming year.

What is the company$$s WACC?