Information on Janicek Power Co$.,$ is shown below. Assume the company$$s tax rate is $34$ percent.

Debt:

$10,100$ bonds outstanding with $8\mathrm{.}7$ percent coupons, $$1,000$ par value, $24$ years to maturity, selling for $96\mathrm{.}0$ percent of par; the bonds make semiannual payments.

Common stock: $226,000$ shares outstanding, selling for $$84\mathrm{.}6$ per share; beta is $1\mathrm{.}31.$

Preferred stock:

$13,600$ shares preferred stock outstanding with $$5\mathrm{.}80$ dividend per year, currently selling for $$96\mathrm{.}4$ per share.

Market: $7\mathrm{.}05$ percent market risk premium and $4\mathrm{.}85$ percent risk$-$free rate.

Required:

Calculate the WACC.