40% of a URC's funding comes from risk-free debt. The company's common stock has a beta of 0.5, a market risk premium of 8%, and an interest rate of 10%. Suppose the company pays 20% tax on its profits. What is the company's after-tax WACC? Calculate your answer as a percent rounded to 1 decimal place. (Do not round intermediate calculations.) Group of answer choices a. 9.5%

b.11.6%

c.15.0%

d. 20.8%