INTEL. The following is information for Intel. Intel wants to pursue a new type of artificial intelligence (Al) chip that would be used in all sorts of Al applications like ChatGPT. They want to know what they should use for their WACC (weighted average cost of capital). There are currently 20 year 6.22% coupon bonds that pay semi-annual payments and are noncallable available at a price of $1,034,33 and a face value of $1,000. Preferred stock sells, for $188.67 and pays an annual dividend of $8.50, The current risk free rate is 4.0% and the market risk premium is 5.22%. Intel's common stock has a BETA of : 81. It sells for a price of $31.32 per share and pays an antual dividend of $.50. The dividend growth rate is expected to be 5.75% a year. ThiLbond-yield risk premium is 2.25%. Intel has a target capital structure of 60% debt, 15% preferred stock and the rest is common equity. Intel's tax rate is 22,33% Use the information provided about Intel to answer this question. What is Intel's cost of common equity using the DCF method? A. 5.31% B. 6.09% C. 7.44% D. 8.64%