Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the company's outstanding bonds is 8.25%, its tax rate is 25%, the next expected dividend is $1.10 a share, the dividend is expected to grow at a constant rate of 6.00% a year, the price of the stock is $19.50 per share, the flotation cost for selling new shares is F= 10%, and the target capital structure is 65% debt and 35% common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget? a. 8.58% b. 9.66% c. 8.45% d. 7.92% e. 8.32%