Assume that you are on the financial staff of Jerry Inc., and you have collected the following data: The yield on the company's outstanding bonds is $8\mathrm{.}75\%$; its tax rate is $40\%$; the next expected dividend is $$0\mathrm{.}75$ a share; the dividend is expected to grow at a constant rate of $7\mathrm{.}00\%$ a year; the price of the stock is $$15\mathrm{.}00$ per share; and the target capital structure is $40\%$ debt and $60\%$ common equity. What is the firm's WACC?

$9\mathrm{.}80\%$

$8\mathrm{.}44\%$

$9\mathrm{.}30\%$

$9\mathrm{.}04\%$

$7\mathrm{.}64\%$