Consider the following information for Watson Power Company:

Debt: $3,5008$ percent coupon bonds outstanding, $$1,000$ par value, $20$ years to maturity, selling for $104$ percent of par; the bonds make semiannual payments.

Common stock: $80,500$ shares outstanding, selling for $$59$ per share; the beta is $1\mathrm{.}09.$

Preferred stock: $12,000$ shares of $7\mathrm{.}5$ percent preferred stock outstanding, currently selling for $$107$ per share.

Market: $9\mathrm{.}5$ percent market risk premium and $7$ percent risk$-$free rate.

Assume the company's tax rate is $35$ percent.

Find the WACC.