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Jerry Jeff, Inc. has 1 2 , 8 0 0 shares of common stock outstanding at a price per share of $ 7 0 and

Jerry Jeff, Inc. has 12,800 shares of common stock outstanding at a price per share of $70 and the rate of return on the stock is 11.41 percent. The value of Jerry Jeff's debt is $373,230 and the required rate of return on the debt is 6.03 percent. What is the Jerry Jeff's WACC if the tax rate is 21 percent?
A.8.89%
B.9.83%
C.9.46%
D.8.72%

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