Avery Corporation's recently hired you as a consultant to estimate WACC. You have obtained the following information.

The firm's noncallable bonds mature in $20$ years, have an $8\mathrm{.}00\%$ annual coupon, a par value of $$1,000,$ and a market price of $$1,050\mathrm{.}00$;

The company's tax rate is $21\%.$

The next expected common stock dividend is $$0\mathrm{.}65$ a share; the dividend is expected to grow at a constant rate of $6\mathrm{.}00\%$ a year; the price of the stock is $$15\mathrm{.}00$ per share; the flotation cost for selling new shares is $F=10\%$;

The target capital structure is $45\%$ debt and $55\%$ common equity.

What is the firm's WACC, assuming it must issue new stock to finance its capital