Company A wants to calculate its WACC. It has just issued a $12-$year, $5\%$ coupon, non$-$callable bond at par value. A$\text{'}$s current stock price is $$40$ and A just paid s $$2\mathrm{.}5$ per share dividend. A$\text{'}$s dividend payment is expected to grow at a constant rate of $6\%$ a year. A wants to keep a debt$-$to$-$capital ratio of $60\%.$ Tax rate is $20\%.$ If A does not have preferred stock and floatation costs, what is its WACC $($please report WACC as a decimal number with four decimal places, such as $0\mathrm{.}0562)?$

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