A firm has 2,000,000 shares of common stock outstanding with a market price of $2 per share. It has 2,000 bonds outstanding, each selling for $1,200. The bonds mature in 25 years, have a coupon rate of 10%, and pay coupons annually. The firm's beta is 1.5, the risk-free rate is 5%, and the market risk premium is 7%. The tax rate is 34%. Calculate the WACC. 7.34% 8.94% 9.11% 10.28% 11.69%