Lannister Manufacturing has a target debt$-$equity ratio of $.65.$ Its cost of equity is $16$ percent, and its cost of debt is $5$ percent. If the tax rate is $34$ percent, what is the company's WACC? $($Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

WACC $$