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I Am The Walrus (IATW) has a weight of equity in its capital structure of 65.1%. The firm has bonds that are currently selling for

I Am The Walrus (IATW) has a weight of equity in its capital structure of 65.1%. The firm has bonds that are currently selling for $1,000. The bonds mature in 12 years, have a coupon rate of 7.6, and pay coupons annually. The firm's beta is 1.4, the risk free rate is 5%, and the market return is 9%. The tax rate is 25%. Calculate the WACC. Multiple Choice 7.89% 6.89% 8.89% 9.553%

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