French Corporation has 500,000 shares of common stock that sells for $25 per share and has a beta of 1.5. Treasury Bills are yielding 4% and the market return is expected to be 12%. The company has 10,000 bonds outstanding with a $1,000 face value, a $1,100 market price, ard YTM of 4.5%. There are also 100,000 shares of preferred stock that pays a $3 annual dividend and sells for $30 per share. Assuming a 40% tax rate, what is the French Corporation's WACC? 9.80% 10.55% 10.35% 10.17%