$31-$ Western Electric has $23,000$ shares of common stock outstanding at a price per share of $$57$ and a rate of return of $14\mathrm{.}2$ percent. The firm has $6,000$ shares of $7$ percent preferred stock outstanding at a price of $$48$ a share. The preferred stock has a par value of $$100.$ The outstanding debt has a total $0\mathrm{.}2$ face value of $$350,000$ and currently sells for $102$ percent of face. The yield$-$to$-$maturity on the debt is $8\mathrm{.}49$ percent. What is the firm's weighted average cost of capital if the tax rate is $34$ percent?