Malitz Ine recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. - Malitz's noncallable boeds mature in 20 years, have an $.50% i. annual cocipon, a par value of $1,000, and a market price of $1,210.00, - The company's tax tate is 35%. - The risk-free rate is 2.00%, the market risk premuman ts 6.00%, and the stock's beta is 1.75. - The target capital rrocture consists of 509 o debt and the balance as comimon equity Malitz rses the CAPM to estimate the cost of equitys and it does not expect to issue any new common stock, What is 75 WACC? a. 9.54% b. 8.39% c. 78942 d. 8.98%