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Billick Brothers is estimating its WACC. The company has collected the following information: Its capital structure consists of 11 percent debt and 89 percent common

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Billick Brothers is estimating its WACC. The company has collected the following information: Its capital structure consists of 11 percent debt and 89 percent common equity. The company has 17 -year bonds outstanding with a 8.6 percent annual coupon that are trading at par. The company's tax rate is 33 percent. The risk-free rate is 5 percent. The market risk premium is 2.7 percent The stock's beta is 1.8. What is the company's WACC? 941% 8.91% 9.91% 10.41% 10.91%

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