A company is expected to pay a $2.50 dividend at year end, the dividend is expected to grow at a constant rate of 5.50% a year, and the common stock currently sells for $52.50 a share. The before-tay- cost of debt is 7.50%, and the tax rate is 40%. The target capital structure consists of 45% debt and 55% common equity. What is the company's WACC? o 7.98% O 8.29% O 7.07% O 7.36% 0 7.67%