Assume that you are an intern with the Barber Company, and you have collected the following data: The yield on the company's outstanding bonds is 8.00%; its tax rate is 40%; the next expected dividend is $0.65 a share; the dividend is expected to grow at a constant rate of 6.00% a year; the price of the stock is $15.00 per share; the flotation cost for selling new shares is F = 12%; and the target capital structure is 40% debt and 60% common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget? 8.47% 6.39% 7.26% 7.64% 8.04% 8.33% 6.80% 9.99%