Worldwide Widget Manufacturing, Inc., is preparing to launch a new manufacturing facility in a new location. The company has a capital structure that consists of debt and common and preferred stock. The company is considering changing this capital structure in conjunction with the launch of the new manufacturing facility. The manufacturing facility project is slated to be funded with $30$ percent debt, $30$ percent preferred stock, and $40$ percent common stock. Worldwide Widget Manufacturing has $15$ million shares of common stock outstanding. The shares sell at $$24\mathrm{.}63$ per share. The company expects to pay an annual dividend of $$1\mathrm{.}50$ one year from now, after which future dividends are expected to grow at a constant $7$ percent rate. Worldwide Widget Manufacturing$$s debt consists of $30-$year, $9-$percent annual coupon bonds with a face value of $$180$ million and a market value of $$185$ million. The company$$s capital mix also includes $200,000$ shares of $12-$percent preferred stock trading at par. If Worldwide Widget Manufacturing has a marginal tax rate of $32$ percent, what weighted average cost of capital $($WACC$)$ should it use as it evaluates this project?