Western Electric has $23,000$ shares of common stock outstanding at a price of $$57$ per share, with a market capitalization of $$1\mathrm{.}311$ million, and a rate of return of $16$ per cent. The firm has $6,000$ shares outstanding of preferred stock at a price of $$48$ a share, resulting in a market capitalization of $$288,000.$ The preferred stock carries a cost of seven per cent. The outstanding seven$-$per cent$-$coupon debt has a total face book value of $$350,000$ and currently sells for $120$ per cent of face value, suggesting that the firm's market value of debt is $$420,000.$ Resulting in a total market value for the firm of $$2,019,000.$ The yield$-$to$-$maturity on the debt is $8\mathrm{.}49$ per cent, with an applicable tax rate of $20$ per cent, the after$-$tax cost of debt is $6\mathrm{.}792$ per cent. What is the firm's weighted average cost of capital?