East Realm is financed with 35% debt, 50% equity, and 15% preferred stocks. East Realm current dividend is $5, and it is expected to grow at a rate of 4% each year. The stock price for East Realm is $60. East Realm has $350 million in retained earnings that can be used as a source of internal equity financing. Any equity capital more than $350 million needs to be sourced with issuance of external equity at net proceeds of $57. East Realm can borrow up to $300 million from a local bank at the before-tax rate of 6%. To raise more debt, East Realm has to issue a 10-year bond with a coupon rate of 8% at net proceeds of $940 per $1,000 face value. East Realms preferred stock pays constant dividend of $4 and is priced at $35. East Realm preferred stock has a $1 issuance cost. Lastly, East Realms tax rate is 35%. What is East Realms WACC at $900 million financing? Group of answer choices 13.35% 12.35% 11.35% 10.35%