Divided Furniture Inc. has $11,000$ bonds outstanding with a market price of $$104$ per bond. The firm also has $35,000$ preferred shares outstanding and $45,000$ common shares outstanding. Preferred stock and common stock are both expected to pay a year$-$end dividend of $$2\mathrm{.}20$ per share. The current price per share of common stock is $$36$ per share. Preferred stock is priced at $$52$ per share. Preferred dividends do not grow and common stock dividends are expected to grow at a rate of $4$ percent. The firm's tax rate is $40$ percent. If the yield on the firm's bonds is $8\%,$ what is the firm's weighted average cost of capital?