has $6$ million shares of common stock outstanding, $600,000$ shares of preferred stock that pays an annual dividend of $$8,$ and $200,000$ bonds with a $10$ percent coupon $($semiannual interest$)$ and $20$ years to maturity. At present, the common stock is selling for $$50$ per share, the bonds are selling for $$950\mathrm{.}62$ per $$1,000$ of face value, and the preferred stock is selling at $$74$ per share. The estimated market return is $13\%,$ the risk free rate is $8\%,$ and Bluefield's beta is $1\mathrm{.}4.$ Bluefield's tax rate is $30$ percent.

bb

What is Bluefield$$s weighted average cost of capital $($WACC$)?$