A firm maintains a debt-to-equity ratio of 0.65 and has a tax rate of 41%.The company does not issue preferred stock but has a pre-tax cost of debt of 10.00%.There are 20,000 shares of the company's stock outstanding with a beta of 0.9 and market price of $45.30.Yesterday, the company issued an annual dividend in the amount of $1.00 per share.Dividends are expected to grow at 5.94% indefinitely.What is the company's weighted average cost of capital?

7.16%

7.34%

7.53%

7.71%

7.89%