BHC Mining Corporation has 3 million shares of common stock outstanding and 90,000 9 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $40 per share and has a beta of 1.1; the bonds have a yield to maturity of 7% and sell for 105 percent of par. The market risk premium is 12 percent, T-bills are yielding 2 percent, and the companys tax rate is 34 percent. What is the company's WACC?

Group of answer choices:

A) 10.54%

B) 11.12%

C) 9.31%