FINA Corp's beta is 1.2. The market risk premium is 7%. The risk free rate is 3%. The total shares outstanding of FINA is 20 million. The stock price now is $5 per share. Tax rate is 35%. FINA has been focusing on producing auto parts. Now it is considering to start a new business in kitchen appliances. Following three firms also produce kitchen appliances. Firm A is a competitor of FINA in auto parts. Firm A also has a division in kitchen appliances. Firm B is producing kitchen appliances and all kinds of furniture. Firm C is in kitchen appliances business only. The Beta of firms A, B, and Care 0.9, 1.1, 1.5, respectively. If FINA is to enter kitchen appliances market, what is the WACC of FINA's new business in kitchen appliances? (Assume the capital structure of these four firms are the same) O 10.11% 0 8.71% 09.45% 0 10.61% FINA Corp's beta is 1.2. The market risk premium is 7%. The risk free rate is 3%. The total shares outstanding of FINA is 20 million. The stock price now is $5 per share. Tax rate is 35%. FINA has been focusing on producing auto parts. Now it is considering to start a new business in kitchen appliances. Following three firms also produce kitchen appliances. Firm A is a competitor of FINA in auto parts. Firm A also has a division in kitchen appliances. Firm B is producing kitchen appliances and all kinds of furniture. Firm C is in kitchen appliances business only. The Beta of firms A, B, and Care 0.9, 1.1, 1.5, respectively. If FINA is to enter kitchen appliances market, what is the WACC of FINA's new business in kitchen appliances? (Assume the capital structure of these four firms are the same) O 10.11% 0 8.71% 09.45% 0 10.61%