JCPenny is currently trading at $53 per share and has 11.2 million shares outstanding. The store has estimated the expected rate of return to shareholders at about 12%. It has also an outstanding long-term debt of $190 million with a yield of 9%. Assume a marginal rate of 35%. What is JCPenny's after-tax WACC? 10.00% 10.25% 10.50% 10.75% O 11.00% 11.25%