Crandal Dockworks is undergoing a major expansion. The expansion will be financed by issuing new $15-$year, $$1,000$ par, $9\%$ annual coupon bonds. The market price of the bonds is $$1,090$ each. Crandal's flotation expense on the new bonds will be $$50$ per bond. Crandal's marginal tax rate is $35\%.$ What is the pre$-$tax cost of debt for the newly$-$issued bonds?

Group of answer choices

$7\mathrm{.}95\%$

$9\mathrm{.}64\%$

$8\mathrm{.}52\%$

$8\mathrm{.}76\%$