Award: $5\mathrm{.}00$ points

You are given the following information on Parrothead Enterprises:

$\backslash$table$[[$Debt:$,\backslash$table$[[9,3006\mathrm{.}5$ percent coupon bonds outstanding, with $22],[$years to maturity and a quoted price of $104\mathrm{.}75.$ These$],[$bonds pay interest semiannually and have a par value of$],[$$$1,000.]]],[$Common stock:,$\backslash$table$[[240,000$ shares of common stock selling for $$64\mathrm{.}80$ per$],[$share$.$ The stock has a beta of $\mathrm{.}93$ and will pay a$],[$dividend of $$3\mathrm{.}00$ next year. The dividend is expected to$],[$grow by $5\mathrm{.}3$ percent per year indefinitely.$]]],[$Preferred stock:,$\backslash$table$[[8,300$ shares of $4\mathrm{.}65$ percent preferred stock selling at$],[$$$94\mathrm{.}30$ per share. The par value is $$100$ per share.$]]],[$Market:$,\backslash$table$[[11\mathrm{.}7$ percent expected return, risk$-$free rate of $3\mathrm{.}75],[$percent$,$ and a $23$ percent tax rate.$]]]]$

Calculate the company's WACC.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

WACC