You are given the following information on Parrothead Enterprises:

Debt: $,9,1006\mathrm{.}3$ percent coupon bonds outstanding, with $24$ years to maturity

and a quoted price of $104\mathrm{.}25.$ These bonds pay interest semiannually

and have a par value of $$1,000.$

Common stock: $230,000$ shares of common stock selling for $$64\mathrm{.}60$ per share. The stock

has a beta of $\mathrm{.}91$ and will pay a dividend of $$2\mathrm{.}80$ next year. The

dividend is expected to grow by $5\mathrm{.}1$ percent per year indefinitely.

Preferred stock: $8,100$ shares of $4\mathrm{.}55$ percent preferred stock selling at $$94\mathrm{.}10$ per

share. The par value is $$100$ per share.

Market: $,11\mathrm{.}9$ percent expected return, risk$-$free rate of $3\mathrm{.}65$ percent, and a $21$

percent tax rate.

Calculate the company's WACC.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32.$