A financial analyst is working on finding WACC of Bryant Brothers Inc., and she has collected or estimated the following data: The yield on the company's outstanding bonds is $7\mathrm{.}75\%$; its tax rate is $35\%$; the next expected dividend is $$4\mathrm{.}75$ a share; the dividend is expected to grow at a constant rate of $2\mathrm{.}25\%$ a year; the price of the

stock is $$100\mathrm{.}00$ per share; the flotation cost for selling new shares is F $=9\%$; and

the target capital structure is $40\%$ debt and $60\%$ common equity. Which of the following is closest to the firm's WACC, assuming it must issue new stock to finance its capital budget?