Show me the steps to solve Dani Corporation has $8\mathrm{.}5$ million shares of common stock outstanding. The current share price is $$55,$ and the book value per share is $$3.$ The company also has two bond issues outstanding. The first bond issue has a face value of $$70\mathrm{.}4$ million, a coupon rate of $7\mathrm{.}2$ percent, and sells for $108\mathrm{.}1$ percent of par. The second issue has a face value of $$60\mathrm{.}4$ million, a coupon rate of $7\mathrm{.}7$ percent, and sells for $109\mathrm{.}3$ percent of par. The first issue matures in $7$ years, the second in $28$ years.

The company$$s stock has a beta of $1\mathrm{.}1.$ The risk$-$free rate is $3\mathrm{.}3$ percent, and the market risk premium is $7\mathrm{.}2$ percent. Assume that the overall cost of debt is the weighted average implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is $22$ percent. What is the company$$s WACC?

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