ABC Corporation has $150 million in debt outstanding. The debt has 4 years to maturity and a 6% coupon. The debt has a par value of $1,000 per bond and interest is paid semi-annually. The current price of the bond is 105.25 as a percent of par The company has 10 million of stock outstanding with a market price of $25 per share. The stock has a beta of 1.24 with the market. The company is in the 25% tax bracket and the risk-free rate is 4% with a 6% market risk premium. What is the weighted average cost of capital (WACC) for ABC Corporation? 7.28% 8.66% 7.79% 8.43%