coupon bonds with a maturity of $16$ years, selling at $93\mathrm{.}5$ percent of par. Assume Johnny Cake's weighted$-$average tax rat percent, its next dividend is expected to be $$3$ per share, and all future dividends are expect indefinitely.

What is its WACC? $($Do not round intermediate calculations. Round your final answer to $2$ decimal places.$)$

WACC

$\%$

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