The S$.$D$.$ Williams Company has $1$ million ordinary shares outstanding, which

currently trade at a price of $$50$ per share. The company believes that its

shareholders require a $15\%$ return on their investment.

The company also has $$47\mathrm{.}1$ million $($par value$)$ in $5-$year, fixed$-$rate notes with a

coupon rate of $8\%$ and a yield to maturity of $7\%.$ This results in a current market

value of the $5-$year notes of $$49$ million.

Lastly, the company has $200,000$ outstanding preferred shares, which pay an $$8$

annual dividend and currently trade for $$80$ per share.

What is the company$$s WACC if the corporate tax rate is $35\%?$