JB Deere Company has a capital structure consisting of 50% debt and 50% common stock. The company's CFO has obtained the following information: The before-tax YTM on the company's bonds is 8%. The company's common stock is expected to pay a $3.00 dividend at year end (D1 - $3.00), and the dividend is expected to grow at a constant rate of 7% a year. The common stock currently sells for $60 a share. The company's tax rate is 40%. What is the company's WACC? 0 7.60% None of these are correct 8.4056 0 10.60% 11.50%