You are given the following information for Watson Power Co$.$ Assume the company's tax rate is $40$ percent.

Debt: $,10,0007\mathrm{.}7$ percent coupon bonds outstanding, $$1,000$ par value, $15$ years to maturity, selling for $106$ percent of par; the bonds make semiannual payments.

Common $490,000$ shares outstanding, selling for $$67$ per share; the beta is $1\mathrm{.}10.$ stock:

Preferred $27,000$ shares of $5$ percent preferred stock outstanding, currently selling stock: for $$87$ per share.

Market: $,8$ percent market risk premium and $5\mathrm{.}7$ percent risk$-$free rate.

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

WACC