Dinklage Corporation has $4$ million shares of common stock outstanding. The current share price is $$76,$ and the book value per share is $$5.$ The company also has two bond issues outstanding. The first bond issue has a face value of $$90$ million, has a $5$ percent coupon, and seils for $94$ percent of par. The second issue has a face value of $$70$ million. has a $6$ percent coupon, and sells for $104$ percent of par. The first issue matures in $20$ years, the second in $3$ years.

The most recent dividend was $$4\mathrm{.}8$ and the dividend growth rate is $8$ percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is $35$ percent.

What is the company's WACc?

Muitiple Choice

$10899$

$5\mathrm{.}5\%$

$456\%$

$10\mathrm{.}06\%$

$5\mathrm{.}03\%$