You are given the following information on Parrothead Enterprises:

Debt:

$8,6007\mathrm{.}2$ percent coupon bonds outstanding, with $23$ years to maturity and a quoted price of $107.$ These bonds pay interest semiannually and have a par value of $$2,000.$

Common stock:

$285,000$ shares of common stock selling for $$65\mathrm{.}70$ per share. The stock has a beta of $1\mathrm{.}02$ and will pay a dividend of $$3\mathrm{.}90$ next year. The dividend is expected to grow by $5\mathrm{.}2$ percent per year indefinitely.

Preferred stock: $9,200$ shares of $4\mathrm{.}6$ percent preferred stock selling at $$95\mathrm{.}20$ per share. The par value is $$100$ per share.

Market: $10\mathrm{.}8$ percent expected return, risk$-$free rate of $4\mathrm{.}2$ percent, and a $22$ percent tax rate.

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