CY Outerspace Inc. has a cost of equity of 8 percent, a pretax cost of debt of 6 percent, and a tax rate of 35 percent. The company's capital structure consists of 55 percent debt on a book value basis, but debt is 45 percent of the company's value on a market value basis. What is the company's WACC?

Group of answer choices

A) 6.16%

B) 5.75%

C) 6.73%