Problem $14-13$ Calculating the WACC $[$LO$3]$

Dani Corporation has $7$ million shares of common stock outstanding. The current share price is $$79,$ and the book value per share is $$10.$ The company also has two bond issues outstanding. The first bond issue has a face value of $$120$ million, a coupon rate of $4$ percent, and sells for $92$ percent of par. The second issue has a face value of $$105$ million, a coupon rate of $3$ percent, and sells for $104$ percent of par. The first issue matures in $22$ years, the second in $7$ years.

Suppose the most recent dividend was $$4\mathrm{.}75$ and the dividend growth rate is $5\mathrm{.}2$ percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. The tax rate is $25$ percent. What is the company$$s WACC? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$