Wildhorse Industries has $7$ percent coupon bonds outstanding. These bonds have a market price of $$945\mathrm{.}82,$ pay interest semi$-$annually, and will mature in $6$ years. The tax rate is $35$ percent. The common shares of Wildhorse Industries have a beta of $2,$ the market risk$-$free rate is $5$ percent, and the expected return on the market is $8$ percent.

In addition to common shares, Wildhorse has $420,000$ preferred shares outstanding that pay a quarterly dividend of $$0\mathrm{.}50$ per share and are currently trading for $$20$ a share. The company$$s outstanding bonds have a face value of $$176,025,000.$ There are $1\mathrm{.}66$ million common shares outstanding with a current market price of $$98$ per share.

Compute the WACC for Wildhorse Industries. $($Round intermediate calculations to $4$ decimal places, e$.$g$.0\mathrm{.}4235$ and final answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$