Charlotte's Crochet Shoppe has $10,400$ shares of common stock outstanding at a price per share of $$62$ and a rate of return of $11\mathrm{.}09$ percent. The company also has $310$ bonds outstanding, with a par value of $$1,000$ per bond. The pretax cost of debt is $5\mathrm{.}87$ percent and the bonds sell for $93\mathrm{.}3$ percent of par. What is the firm's WACC if the tax rate is $21$ percent?

Multiple Choice

$9\mathrm{.}09\%$

$9\mathrm{.}89\%$

$8\mathrm{.}30\%$

$9\mathrm{.}47\%$

$8\mathrm{.}46\%$