Dani Corporation has $6$ million shares of common stock outstanding. The current share

price is $$78,$ and the book value per share is $$9.$ The company also has two bond issues

outstanding. The first bond issue has a face value of $$115$ million, a coupon rate of $7$

percent, and sells for $93$ percent of par. The second issue has a face value of $$100$

million, a coupon rate of $6$ percent, and sells for $105$ percent of par. The first issue

matures in $21$ years, the second in $8$ years.

Suppose the most recent dividend was $$4\mathrm{.}70$ and the dividend growth rate is $5\mathrm{.}3$

percent. Assume that the overall cost of debt is the weighted average of that implied by

the two outstanding debt issues. The tax rate is $24$ percent. What is the company's

WACC? $($Do not round intermediate calculations and enter your answer as a percent

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

WACC