You are given the following information on Parrothead Enterprises:

Debt:

Common stock:

Preferred stock:

Market:

$9,6007\mathrm{.}1$ percent coupon bonds outstanding, with $24$ years to maturity and a quoted price of $105\mathrm{.}5.$ These bonds pay interest semiannually and have a par value of $$1,000.$

$255,000$ shares of common stock selling for $$65\mathrm{.}10$ per share. The stock has a beta of $\mathrm{.}96$ and will pay a dividend of $$3\mathrm{.}30$ next year. The dividend is expected to grow by $5\mathrm{.}1$ percent per year indefinitely.

$8,600$ shares of $4\mathrm{.}55$ percent preferred stock selling at $$94\mathrm{.}60$ per share. The par value is $$100$ per share.

$11\mathrm{.}4$ percent expected return, risk$-$free rate of $3\mathrm{.}9$ 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,

WACC

$\%$