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10 points S Corp. is expected to pay a $2.55 dividend at year end, the dividend is expected to grow at a constant rate

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10 points S Corp. is expected to pay a $2.55 dividend at year end, the dividend is expected to grow at a constant rate of 4.50% a year, and the common stock currently sells for $35 a share. The befees-x cost of debt in S and the tax rate is 40%. The target capital structure consists of 60% debt and 40% common equity. What is the company's WACC? Do not round your intermediate calculations. a. 8.39% Ob.9.24% c. 6.25% Od. 6.69% O. 7.97%

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