You are given the following information for Magrath Power Co$.$ Assume the company's tax rate is $35\%.$

Debt. $10,0006\mathrm{.}4\%$ coupon bonds outstanding, $$1,000$ par value, $25$ years to maturity, selling for $108\%$ of par; the bonds make semiannual payments.

Common stock: $495,000$ shares outstanding, selling for $$63$ per share; the beta is $1\mathrm{.}15.$

Preferred stock: $35,000$ shares of $3\mathrm{.}5\%$ preferred stock outstanding, currently selling for $$72$ per share.

Market. $7\%$ market risk premium and $3\mathrm{.}2\%$ risk$-$free rate.

What is the company's WACC? $($Do not round intermediate calculations. Enter your answer as a percentage rounded to $2$ decimal places.$)$

WACC

$\%$