Consider the following information for Watson Power Co:

Debt: $4,0005\mathrm{.}5$ percent coupon bonds outstanding, $$1,000$ par value, $19$ years to maturity, selling for $105$ percent of par; the bonds make semiannual payments.

Common stock: $88,000$ shares outstanding, selling for $$60$ per share; the beta is $1\mathrm{.}2.$

Preferred stock: $14,000$ shares of $4\mathrm{.}5$ percent preferred stock outstanding, currently selling for $$108$ per share, par value for the preferred stock is $$100.$

Market data: $6\mathrm{.}5$ percent market risk premium and $3\mathrm{.}5$ percent risk$-$free rate.

Assume the company's tax rate is $33$ percent. Find the WACC. $($Provide your answer in decimal form$).$