You are given the following information concerning Parrothead Enterprises:

Debt

$9,9007\mathrm{.}4$ percent coupon bonds outstanding, with $21$ years to maturity and a

quoted price of $106\mathrm{.}25.$ These bonds have a par value of $$1,000$ and pay

interest semiannually.

Common stock: $270,000$ shares of common stock selling for $$65\mathrm{.}40$ per share. The stock has a

beta of $0\mathrm{.}97$ and will pay a dividend of $$3\mathrm{.}60$ next year. The dividend is

expected to grow by $5\mathrm{.}4$ percent per year indefinitely.

Preferred stock: $8,900$ shares of $4\mathrm{.}70$ percent preferred stock selling at $$94\mathrm{.}90$ per share.

Market: $,11\mathrm{.}1$ percent expected return, a risk$-$free rate of $4\mathrm{.}05$ percent, and a $24$

percent tax rate.

What is the firm's cost of each form of financing?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Calculate the WACC for the company.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$