Corporation Fun's common stock price just rises to $25 per share with 500,000 shares outstanding. You run a regression and get a beta of 1.5 for the stock. Treasury Bills are yielding 4% and the market return is expected to be 12%. Corporation Fun has 10,000 bonds outstanding ( $1,000 face value, $1,100 market price, and YTM of 4.5%). There are also 100,000 shares of preferred stock that pays a $3 annual dividend and sells for $30 per share. Ignoring taxes, what is the Corporation Fun's WACC?

Question 34 options:

	10.55%
	10.35%
	9.80%