Component Costs Assume that a company has a target debt$-$to$-$equity capital structure of $2.$ The company currently pays $8\%$ annually on its bonds. There are $10$ years until maturity, and the bonds currently trade at $93\%$ of par. Bond flotation costs are $3\%.$ The company$$s beta is $1\mathrm{.}5,$ the RPM $=4\%,$ rRF $=5\%,$ Tax rate $=30\%.$ what is the WACC? PLEASE SHOW ALL WORK. DO NOT USE EXCEL. the answer should be $8\mathrm{.}12\%$