Cinelli Company $($CC$)$s stock currently is selling for $$61$ per share. Last dividends paid by CC were $$2\mathrm{.}27$

per share. CC is expected to grow at an $8\mathrm{.}32$ percent constant rate forever. The risk$-$free rate is $4$

percent, market risk premium is $6\mathrm{.}6$ percent, and CC$$s beta is $1\mathrm{.}25.$ CC annual bonds are matured in $25$

years with $8\mathrm{.}32$ percent coupon rate. The par value of bonds is $$1000,$ and the interest payments are

made annually. The bonds are currently selling for $$972$ per bond. CC$$s target capital structure is $42\%$

debt and $58\%$ common equity. CC$$s tax rate is $40\%$

$3$

What is the firm$$s WACC?

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