You are given the following information for Lighting Power Company. Assume the company's tax rate is $21$ percent. Debt: $21,0007$ percent coupon bonds outstanding, $$1,000$ par value, $22$ years to maturity, selling for $108$ percent of parthe bonds make semiannual payments. Common stock: $540,000$ shares outstanding $,$ selling for $$72$ per sharethe beta is $1\mathrm{.}18.$ Preferred stock: $24,000$ shares of $4\mathrm{.}8$ percent preferred stock outstanding $,$ a $$100$ par value, currently selling for $ $93$ per share. Market: $5$ percent market risk premium and $5\mathrm{.}3$ percent risk $-$free rate. What is the company's WACC?