23. To estimate the company's WACC. Marshall Inc. recently hired you as a consultant. You have obtained the following information. (1) The firm's bonds mature in 20 years, have an 8.00% annual coupon, a par value of $1,000 and a market price of $1.050. (2) The company's tax rate is 40%. (3) The company's cost of equity - 10%. 4) The target capital structure consists of 35% debt and the balance is common equity. The firm uses the CAPM to estimate the cost of common stock, and it does not expect to issue any new shares. What is its WACC? a. 7.1696 b. 7.5496 0.8.08% d. 8.35% e. 8.79%