A firm has 700,000 shares of common stock outstanding at a market price of $57 a share. Last month, the firm paid an annual dividend in the amount of $3 per share. The dividend growth rate is 6%. The company also has 32,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 6% coupon, pay interest annually, and mature in 10 years. The bonds are selling at 102% of face value. The company's tax rate is 25%. What is the company's weighted average cost of capital (WACC)? 8.23% 8.30% 8.16% 8.09% 8.37%