Jerry Jeff, Inc. has $11,300$ shares of common stock outstanding at a price per share of $$65$ and the rate of return on the stock is $11\mathrm{.}21$ percent. The value of Jerry Jeff's debt is $$320,280$ and the required rate of return on the debt is $5\mathrm{.}93$ percent. What is the Jerry Jeff's WACC if the tax rate is $21$ percent?rate of return on the debt is $5\mathrm{.}93$ percent. What is the Jerry Jeff's WACC if the tax rate is $21$ percent?

Multiple Choice

$8\mathrm{.}44\%$

$8\mathrm{.}60\%$

$9\mathrm{.}61\%$

$9\mathrm{.}23\%$