PepsiCo recently issued $$120$ B of debt with a cost of debt of $5\%.$ Before this, the company had a cost of equity of $11\%,$ a cost of debt of $5\%,$ and a debt$-$to$-$equity ratio of $1$:$3.$ The new leverage ratio for the company is $1$:$2.$ If the tax rate is $29\%,$ what is the company$$s WACC after issuing this debt? $($Answer in $\%.$ EX for $\mathrm{.}1234$ put $12\mathrm{.}34)$