Mullineaux Corporation has a target capital structure of $70$ percent common stock, $5$ percent preferred stock, and $25$ percent debt. Its cost of equity is $11$ percent, the cost of preferred stock is $5$ percent, and the pretax cost of debt is $7$ percent. The relevant tax rate $23$ percent. Wat is the companys WACC?

Common Stock: $70\%$

Preferred Stock: $5\%$

Debt: $25\%$

Cost of equity: $11\%$

Cost of preferred stock: $5\%$

Cost of Debt: $7\%$

Tax Rate: $23\%$

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

WACC $\_\_\_\_\_\_\_\_\_\_\_\_\_\_$