Given the firms cost of debt is 7%, the beta of the firms equity is 1.2, the risk-free rate is 2%and the expected return on the market is 9%. The firms tax rate is 30%. If the firms capital structure consists of 30% debt and 70% equity, what is the weighted average cost of capital(WACC)?

		6.5%
		7.1%
		7.9%
		8.5%