A corporation has a before$-$tax cost of debt is $8\%,$ and the tax rate applicable to the entity is $25\%.$ The other component in the company's capital structure is common equity, with a cost of $12\%,$ and this source of capital represents $$50$ million out of the $$150$ million total value for the firm. The company does not have preferred stock outstanding. Determine the WACC for the company.