Filer Manufacturing has $7$ million shares of common stock outstanding. The current share price is $$73,$ and the book value per share is $$8.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$75$ million and a $8$ percent coupon and sells for $98$ percent of par. The second issue has a face value of $$55$ million and a $9$ percent coupon and sells for $107$ percent of par. The first issue matures in $7$ years, the second in $23$ years.

Suppose the company$$s stock has a beta of $1\mathrm{.}1.$ The risk$-$free rate is $3\mathrm{.}5$ percent, and the market risk premium is $8\mathrm{.}0$ percent. Assume that the overall cost of debt is the weighted average implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is $20$ percent. What is the company$$s WACC? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

WACC

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