Determine the weighted average cost of capital $($WACC$)$ for a firm given the following information:

A company has $35,000$ bonds outstanding with a $8\mathrm{.}2\%$ annual coupon rate, $18$ years to maturity, a $$1,000$ face value, and a $$1180$ market price. Assume semiannual coupon payments.

The company's $970,000$ shares of common stock sell for $$72$ per share and have a beta of $0\mathrm{.}67.$ The risk$-$free rate is $5\mathrm{.}2\%$; the market return is $11\mathrm{.}4\%.$

Note: there is no preferred stock for this firm.

Assuming a $21\%$ tax rate, what is the company's WACC? Give your answer in percentage form to $2$ decimal places.

ON A SEPARATE PAGE, SHOW ALL YOUR WORK IN CALCULATING THIS ANSWER. EMAIL ME A PICTURE OF YOUR WORK FOR FULL CREDIT.

Numeric Response