Problem $12-12$ Calculating the WACC $[$LO$3]$

Dani Corporation has $6$ million shares of common stock outstanding. The current share price is $$72,$ and the book value per share is $$9.$ The company also has two bond issues outstanding. The first bond issue has a face value of $$85$ million, has a coupon rate of $5$ percent, and sells for $97$ percent of par. The second issue has a face value of $$70$ million, has a coupon rate of $4$ percent, and sells for $109$ percent of par. The first issue matures in $21$ years, the second in $8$ years.

Suppose the most recent dividend was $$4\mathrm{.}40$ and the dividend growth rate is $4\mathrm{.}7$ percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is $23$ percent What is the company's WACC?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

WACC $\%$