You are given the following information for Huntington Power Company. Assume the company$$s tax rate is $24$ percent.

Debt:

$33,0005\mathrm{.}2$ percent coupon bonds outstanding, $$2,000$ par value, $25$ years to maturity, selling for $107$ percent of par; the bonds make semiannual payments.

Common stock: $485,000$ shares outstanding, selling for $$79$ per share; the beta is $1\mathrm{.}13.$

Market: $7$ percent market risk premium and $4\mathrm{.}4$ percent risk$-$free rate.

What is the company's WACC? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$ FYI: answer is NOT $7\mathrm{.}84\%.$