TAFKAP Industries has $5$ million shares of stock outstanding selling at $$16$ per share, and an issue of $$30$ million in $8\mathrm{.}0$ percent annual coupon bonds with a maturity of $15$ years, selling at $105$ percent of par. Assume TAFKAP's weighted average tax rate is $21$ percent, it can make full use of the interest tax shield, and its cost of equity is $14\mathrm{.}5$ percent.

What is TAFKAP's WACC?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.