Ms$.$ G$.$ Spalletti, a financial analyst, has collected the following information regarding lafragola

Company: $$

The company's capital structure is $70$ percent equity, $30$ percent debt.

The yield to maturity on the company's bonds is $9$ percent.

The company's year$-$end dividend is forecasted to be $$0\mathrm{.}80$ a share.

The company expects that its dividend will grow at a constant rate of $9$ percent a year.

The company's stock price is $$25.$

The company's tax rate is $40$ percent.

The company anticipates that it will need to raise new common stock this year. Its investment

bankers anticipate that the total flotation cost will equal $10$ percent of the amount issued.

Assume the company accounts for flotation costs by adjusting the cost of capital. Given this

information, calculate the company's WACC.