Bellick Brothers is estimating its WACC. The company has collected the following information: Its capital structure consists of percent debt and 54 percent common equity. The company has 14 -year bonds outstanding with a 8.8 percent annual coupen that are trading at par! The company's tax rate is 32 percent. The risk-free rate is 5.8 percent. The market risk premium is 1.5 percent. The stock's beta is 1.2. What is the company's WACC? 6.56 7.16% 7.46 7.708