You are given the following information for Huntington Power Co$.,$ find the WACC. Assume the company's tax rate is $20$ percent.

Debt: $4,0005$ percent coupon bonds outstanding, $$1,000$ par value, $30$ years to maturity, selling for $102$ percent of par; the bonds

make semiannual payments.

Common stock: $178,000$ shares outstanding, selling for $$42$ per share; the beta is $1\mathrm{.}5.$

Market: $6$ percent market risk premium and $4$ percent risk$-$free rate.

What is the company's WACC? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

WACC