Given the following information for Watson Power Co$.,$ find the WACC. Assume the company's tax rate is $21$ percent.

Debt: $15,000$ bonds outstanding $($# of bonds$)$ with $5\mathrm{.}8$ percent coupon, $$1,000$ par value, $25$ years to maturity, selling for $108$ percent of par; the bonds make semiannual payments.

Common stock: $575,000$ shares outstanding, selling for $$64$ per share; the beta is $1\mathrm{.}09.$

Preferred stock: $35,000$ shares of preferred stock with annual dividend of $2\mathrm{.}8$ percent currently selling for $$65$ per share. Market: $7$ percent market risk premium and $3\mathrm{.}2$ percent risk$-$free rate.