The firm's capital structure: Debt $=60\%,$ Preferred Stock $=5\%,$ and Common Stock Equity $=35\%$

Debt: The firm can sell a $20-$year, $$1,000$ par value, $7\mathrm{.}72$ percent coupon bond $($making interest payments semiannually$)$ for $$856.$ A flotation cost of $2$ percent of the face $($par$)$ value would be required.

Preferred Stock: The firm has determined it can issue preferred stock at $$89\mathrm{.}95$ per share par value. The stock will pay an $$4\mathrm{.}58$ annual dividend. The cost of issuing and selling the stock is $$4\mathrm{.}98$ per share.

Common Stock: The firm's common stock is currently selling for $$118\mathrm{.}59$ per share. The dividend expected to be paid at the end of the coming year is $$5\mathrm{.}71.$ Its dividend payments have been growing at a constant rate for the last five years. Five years ago, the dividend was $$3\mathrm{.}04.$ It is expected that to sell, a new common stock issue must be underpriced at $$1\mathrm{.}56$ per share and the firm must pay $$4\mathrm{.}99$ per share in flotation costs. Additionally, the firm's tax rate is $40$ percent.

With the above information, please calculate the firm's WACC

Please enter your response in percent format with two decimal points $-$ just without the $\%$ sign $($for instance $9\mathrm{.}55\%$ would be entered as $9\mathrm{.}55).$Just for practice$($: