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Jerry Jeff, Inc. has 1 0 , 7 0 0 shares of common stock outstanding at a price per share of $ 6 3 and

Jerry Jeff, Inc. has 10,700 shares of common stock outstanding at a price per share of $63 and the rate of return on the stock is 11.13 percent. The value of Jerry Jeff's debt is $299,520 and the required rate of return on the debt is 5.89 percent. What is the Jerry Jeff's WACC if the tax rate is 21 percent?
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8.33%
9.52%
9.14%
8.49%
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