Croft Corporation has a target capital structure of $60$ percent common stock and $40$ percent debt. Its cost of equity is $12$ percent, and the cost of debt is $6$ percent. The relevant tax rate is $21$ percent. What is the company's WACC?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$$ WACC $$