Johnny Cake Ltd$.$ has $10$ million shares of stock outstanding

selling at $$17$ per share and an issue of $$50$ million in $8$ percent

annual coupon bonds with a maturity of $16$ years, selling at $94\mathrm{.}5$

percent of par. Assume Johnny Cake$$s weighted$-$average tax rate is

$34$ percent, its next dividend is expected to be $$3$ per share, and

all future dividends are expected to grow at $6$ percent per year,

indefinitely. What is its WACC