A stock has paid $4 of annual dividends. The dividends are expected to grow at a rate of 6% per year, and the stock currently sells for $89. The before-tax cost of debt is B%, and the tax rate is 45%. The target capital structure consists of 44% debt and 56% common equity. What is the company's WACC? 7.96% 756% 740% 8367 3.28%