Carson uses debt and common equity. It can borrow unlimited amount at rd = 8.5% as long as it finances at its target capital structure - 25% debt and 75% common equity. Its last common stock dividend was $1.20. Dividend for this year is expected to be $1.26 and will grow at the same constant rate in the future. Its common stock is selling for $22 per share; its tax rate is 25%. Estimate Carson's WACC. 9.85% 9.42% 9.71% 10.15% 9.64%