You are given the following information for Lighting Power Company. Assume the company$$s tax rate is $23$ percent.

Debt:

$13,0006\mathrm{.}2$ percent coupon bonds outstanding, $$1,000$ par value, $28$ years to maturity, selling for $108$ percent of par; the bonds make semiannual payments.

Common stock: $460,000$ shares outstanding, selling for $$64$ per share; the beta is $1\mathrm{.}13.$

Preferred stock:

$20,000$ shares of $4$ percent preferred stock outstanding, a $$100$ par value, currently selling for $$85$ per share.

Market: $6$ percent market risk premium and $5\mathrm{.}1$ 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$.,32\mathrm{.}16.)$