Johnny Cake Ltd$.$ has $8$ million shares of stock outstanding selling at $$22$ per share and an issue of $$40$ million in $10$ percent annual coupon bonds with a maturity of $17$ years, selling at $94\mathrm{.}0$ 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 $5$ percent per year, indefinitely. What is its WACC? $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Complete the following analysis. Do not hard code values in your calculations.

Before$-$tax cost of equity

Before$-$tax cost of debt

Equity weight

Debt weight

WACC