A company$$s equity has a beta of $1\mathrm{.}3$ and a total value of $200$m$.$ The risk free rate is $9\%$ and the return on the market is $19\%.$

It has in issue $100$m par $($nominal$)$ of irredeemable debentures currently trading at $120$ ex interest per $100$ par $($nominal$).$ The debt has a coupon of $12\%.$ Corporation tax is $35\%.$

What is the WACC of the company?

A$.$

$16\mathrm{.}19\%$

B$.$

$10\mathrm{.}56\%$

C$.$

$10\mathrm{.}83\%$

D$.$

$17\mathrm{.}5\%$