A company has a cost of debt (before tax) of 5.5% and a cost of equity of 12.8%. In addition, the company has a target capital structure of 30% debt and 70% equity, and a marginal income tax rate of 30%. Given this information, what is the WACC for this company?

Group of answer choices

10.61%

9.33%

7.69%

10.12%