Debt: $3,5007\mathrm{.}5$ percent coupon bonds outstanding, $$1,000$ par value, $18$ years to maturity, selling for $104$ percent of par; the bonds make semiannual payments.

Common stock: $73,500$ shares outstanding, selling for $$56$ per share; the beta is $1\mathrm{.}06.$

Preferred stock: $11,500$ shares of $6$ percent preferred stock outstanding, currently selling for $$107$ per share.

Market: $9\mathrm{.}5$ percent market risk premium and $5\mathrm{.}5$ percent risk$-$free rate.

Assume the company's tax rate is $35$ percent.

Find the WACC.

Multiple Choice

$9\mathrm{.}67\%$

$9\mathrm{.}92\%$

$10\mathrm{.}17\%$

$10\mathrm{.}78\%$

$9\mathrm{.}77\%$