Dani Corporation has $5$ million shares of common stock outstanding. The current share orice is $$65$ and the book value per share is $$4.$ The company also has two bond issues outstanding. The first bund issue has a face value of $550$ million a coupon rate of $5$ percent, and sells for $90$ percent of par. The second issue has a face value of $$35$ million, a coupon tate of $4$ percent, and sells for $102$ percent of par The first issue matures in $20$ years, the second in $5$ years.

Suppase the most recent dividend was $54\mathrm{.}05$ and the dividend growth rate is $3\mathrm{.}9$ percent. Assume that the overall cost of debt is the weighted average of that impled by the two outstanding debt issues. The tax rate $1521$ percent What is the company's WACC? $($Do not round intermediate calculations and enter your answer as o percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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