In a hypothetical company, the market value of equity $($E$)$ is $111$ million dollars, the market value of debt $($D$)$ is $287$ million dollars, and the market value of preferred stock $($P$)$ is $97$ million dollars. The cost of equity $($re$)$ is $9\mathrm{.}23\%,$ the after$-$tax cost of debt $($rd$)$ is $5\mathrm{.}99\%,$ and the cost of preferred stock $($rp$)$ is $6\mathrm{.}34\%.$ Calculate the Weighted Average Cost of Capital $($WACC$).$ Do not round intermediate calculations. Enter your answer in percent, rounded to the nearest $0\mathrm{.}01\%.$