You are given the following information on Parrothead Enterprises:

Debt: $9,2007\mathrm{.}3$ percent coupon bonds outstanding, with $22$ years to maturity and a quoted price of $108\mathrm{.}5.$ These bonds pay interest semiannually and have a par value of $$2,000.$

Common stock: $315,000$ shares of common stock selling for $$66\mathrm{.}30$ per share. The stock has a beta of $1\mathrm{.}08$ and will pay a dividend of $$4\mathrm{.}50$ next year. The dividend is expected to grow by $5\mathrm{.}3$ percent per year indefinitely.

Preferred stock: $9,800$ shares of $4\mathrm{.}65$ percent preferred stock selling at $$95\mathrm{.}80$ per share. The par value is $$100$ per share.

Market: $10\mathrm{.}2$ percent expected return, risk$-$free rate of $4\mathrm{.}5$ percent, and a $23$ percent tax rate.

Calculate the company's WACC.