ABC Inc.'s wants to fund a $6 million investment by using its $4 million of retained earnings and borrowing $2 million. ABC Inc.'s common shareholders received a $5 per share dividend last year and analysts predict that dividends will continue to grow at a rate of 3 percent into the foreseeable future. The most recent closing price of ABC Inc's is $80. Furthermore, the firm's chief financial officer has determined that a 16- year maturity bond with a $1,000 face value and 8 percent coupon can be sold to investors for net proceeds of $845. If the ABC Inc.'s tax rate is 20 percent, what is the firm's weighted average cost of capital? 9.8479% O 8.05737 % O 7.60974 % O 8.95264% O 8.50501 %