A computer hardware company has a target capital structure of $65$ percent

common stock, $10$ percent preferred stock, and $25$ percent debt. The company

currently just paid a dividend of $$3\mathrm{.}25,$ which they plan to grow $3\%$ indefinitely.

Their stock price is currently $$95.$ The cost of preferred stock is $6$ percent, and

the before$-$tax cost of debt is $5$ percent. The relevant tax rate is $20$ percent.

What is the company's weighted average cost of capital $($WACC$)?$