An all-equity firm currently has a cost of equity of 12% and a tax rate of 30%. The firm has decided to issue a $500,000 in debt with an interest rate of 6%. All of the proceeds from the debt issue will be used to repurchase shares of stock. Following this transaction, the value of the levered firm will be $1.4 million. What will be the resulting WACC for the levered firm? Note: this question is eligible for partial credit. Please handwrite your work on the test booklet provided. O 12.0% O 10.7% 0 14.3% 0 11.4% 0 9.2%