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Jerry Jeff, Inc. has 14,300 shares of common stock outstanding at a price per share of $75 and the rate of return on the stock

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Jerry Jeff, Inc. has 14,300 shares of common stock outstanding at a price per share of $75 and the rate of return on the stock is 11.61 percent. The value of Jerry Jeff's debt is $544,320 and the required rate of return on the debt is 6.13 percent. What is the Jerry Jeff's WACC if the tax rate is 21 percent? Multiple Choice 8.63% 9.77% 8.47% 9.33%

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