Justice, Inc. has a capital structure which is based on $30$ percent debt, $5$ percent preferred stock, and $65$ percent common stock. The flotation costs are $11$ percent for common stock, $10$ percent for preferred stock, and $7$ percent for debt. The corporate tax rate is $37$ percent. What is the weighted average flotation cost?

$9\mathrm{.}48\%$

$10\%$

$9\mathrm{.}62\%$

$8\mathrm{.}97\%$

$9\mathrm{.}75\%$