JB Deere Company has a capital structure consisting of 70% debt and 30% common stock. The company's CFO has obtained the following information: The before-tax YTM on the company's bonds is 10%. 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? 7.80% 9.60% None of these are correct 5.20% 10.60%