An analyst has collected the following information regarding Christopher Co$.$: The company$$s capital structure is $70$ percent equity, $30$ percent debt. The yield to maturity on the company$$s bonds is $9$ percent. The company$$s year$-$end dividend is forecasted to be $$0\mathrm{.}80$ a share. The company expects that its dividend will grow at a constant rate of $9$ percent a year.

The company$$s stock price is $$25.$ The company$$s tax rate is $40$ percent. The company anticipates that it will need to raise new common stock this year. Its investment bankers anticipate that the total flotation cost will equal $10$ percent of the amount issued. Assume the company accounts for flotation costs by adjusting the cost of capital. Given this information, calculate the company$$s WACC.

A$.10\mathrm{.}41\%$

B$.12\mathrm{.}56\%$

C$.10\mathrm{.}78\%$

D$.13\mathrm{.}55\%$

E$.9\mathrm{.}29\%$