Tempest Manufacturing has $8$ million shares of common stock outstanding. The current share price is $$73,$ and the book value per

share is $$7.$ Tempest Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$85$ million and a

$7\%$ coupon, and sells for $97\%$ of par. The second issue has a face value of $$50$ million, has an $8\%$ coupon, and sells for $108\%$ of par.

The first issue matures in $21$ years, the second in six years.

Suppose the most recent dividend was $$3\mathrm{.}90$ and the dividend growth rate is $6\%.$ Assume that the overall cost of debt is the weighted

average of that implied by the two outstanding debt issues. Assume the par value of each bond is $$1,000.$ Both bonds make

semiannual payments. The tax rate is $35\%.$ What is the company's WACC? $($Do not round intermediate calculations. Enter your

answer as a percentage rounded to $2$ decimal places.$)$

WACC