Dani Corporation has $7$ million shares of common stock outstanding. The current share price is $$83,$ and the book value per

share is $$8.$ The company also has two bond issues outstanding. The first bond issue has a face value of $$140$ million, has a

coupon rate of $6$ percent, and sells for $94$ percent of par. The second issue has a face value of $$125$ million, has a coupon rate

of $5$ percent, and sells for $105$ percent of par. The first issue matures in $25$ years, the second in $8$ years.

Suppose the most recent dividend was $$4\mathrm{.}95$ and the dividend growth rate is $4\mathrm{.}9$ percent. Assume that the overall cost of debt

is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax

rate is $24$ 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

$\%$