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Assume JUP has debt with a book value of $ 2 0 million, trading at 1 2 0 % of par value. The bonds have

Assume JUP has debt with a book value of $20 million, trading at 120% of par value. The bonds have a yield to maturity of 7%. The firm's book value of equity is $16 million, and it has 2 million shares trading at $19 per share. The firm's cost of equity is 12%. What is JUP's WACC if the firm's marginal tax rate is 35%?
A)10.03%
B)9.12%
C)9.57%
D)7.29%
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