Billick Brothers is estimating its WACC. The company has collected the following information:

Its capital structure consists of $46$ percent debt and $54$ percent common equity.

The company has $14-$year bonds outstanding with a $8\mathrm{.}8$ percent annual coupon that are trading at par.

The company's tax rate is $32$ percent.

The risk$-$free rate is $5\mathrm{.}8$ percent.

The market risk premium is $1\mathrm{.}5$ percent.

The stock's beta is $1\mathrm{.}2.$

What is the company's WACC?