Mojo Mining has 8,500 bonds outstanding that sell for $1,174 and matures in 18 years. The bond pays semiannual coupons, has a coupon rate of 7.14 percent and has a par value is $1,000. They also have 300,000 shares of common stock currently trading at $83.17 per share. The stock has a beta of 1.12. The expected return of the market is 8.90% and the risk free rate is 3.27% annually. Finally, the firm has 75,000 shares of preferred stock selling at $64.22 per share and has a constant dividend of $5.30 per year. If the company's tax rate is 40 percent, what is the WACC? 8.09% 8.15% O 7.92% 8.29% 7.85%