Problem $11-19$ WACC $($LG$11-3)$

TAFKAP Industries has $5$ million shares of stock outstanding selling at $$13$ per share, and an issue of $$30$ million in $8\mathrm{.}5$ percent annual coupon bonds with a maturity of $10$ years, selling at $107$ percent of par. Assume TAFK$$P$\text{'}$s weighted average tax rate is $21$ percent, it can make full use of the interest tax shield, and its cost of equity is $12\mathrm{.}5$ percent.

What is TAFKAP's WACC? $($Do not round intermediate calculations. Round your final answer to $2$ decimal places.$)$

WACC vdots