Jon Snow Inc. recently hired you as a consultant to estimate the company's WACC (Because Jon Snow knows nothing!). You have obtained the following information. (1) The firm's noncallable bonds mature in 20 years, have an 8.00% annual coupon, a par value of $1,000, and a market price of $1,050.00. (2) The company's tax rate is 40%. (3) The company just paid a dividend of $10 (i.e., $D_0=$10$), which is expected to grow at a rate of $6.1%$ for ever, and its stock price is $212.20. (4) The target capital structure consists of 35% debt and 65% common equity. What is the company's WACC?

		a. 7.16%
		b. 7.54%
		c. 7.93%
		d. 8.35%
		e. 8.79%