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Te Corporation has an effective annual WACC of 9.60%. It is financed with 40% debt and 60% equity. Texas's effective annual cost of equity is 12.80% and its corporate tax rate is 40%. All debt issued by Texas is a 25-year bond, paying coupon annually at a coupon rate of 8%. The bond has a face value of $1.000. What is the price of the Texas bond? (Please retain at least 4 decimal places in your calculations.) O a. $1,017.67 O b. $1,000 O c. $852.46 O d. $1,076.74 O e. $987.63