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

Debt:

$23,0007\mathrm{.}2$ percent coupon bonds outstanding, $$1,000$ par value, $19$ years to maturity, selling for $106$ percent of par; the bonds make semiannual payments.

Common stock: $560,000$ shares outstanding, selling for $$74$ per share; the beta is $1\mathrm{.}17.$

Preferred stock:

$25,000$ shares of $5$ percent preferred stock outstanding, a $$100$ par value, currently selling for $$95$ per share.

Market: $7$ 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$.,32\mathrm{.}16.)$