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Charlotte ' s Crochet Shoppe has 1 0 , 7 0 0 shares of common stock outstanding at a price per share of $ 6

Charlotte's Crochet Shoppe has 10,700 shares of common stock
outstanding at a price per share of $63 and a rate of return of
11.13 percent. The company also has 320 bonds outstanding, with a
par value of $1,000 per bond. The pretax cost of debt is 5.89
percent and the bonds sell for 93.6 percent of par. What is the
firm's WACC if the tax rate is 21 percent?Multiple Choice8.49%9.52%9.93%9.14%8.33%

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