Smarty Inc. is expected to pay a $$2$ dividend at year end $($D$1=$ $$2),$ the dividend is expected to grow at a constant rate of $0\mathrm{.}04\%$ a year, and the common stock currently sells for $$40$ a share. The after$-$tax cost of debt is $7\mathrm{.}50\%,$ and the tax rate is $40\%.$ The target capital structure consists of $45\%$ debt and $55\%$ common equity. What is the company$$s WACC without considering floatation cost $(\%)?$ Do not round your intermediate calculations. If your answer is $12\mathrm{.}34\%,$ just enter $"12\mathrm{.}34".$