29. Stock in Bear's Big Bonanza has a beta of 1.09. The expected return on the market is 8 percent; and T-bills are currently yielding 4 percent. Bear's issued a 30-year, 11 percent semiannual coupon bond 8 years ago. The bonds are currently priced to yield 9%. If the company's tax rate is 22 percent, then what is Bear's WACC? Assume they have 21,000 bonds outstanding, and 2.25 million shares of common stock outstanding at a price of $22.50 per share. a. 8,50% b. 7,92% c. 9.68% d. 10.84% e. 6.76%