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Qualcom Inc. has 15000, 8%, semi-annual bonds maturing in 11 years, outstanding currently trading at $1,067. It has 2,000,000 shares outstanding currently trading at

Qualcom Inc. has 15000, 8%, semi-annual bonds maturing in 11 years, outstanding currently trading at $1,067. It has 2,000,000 shares outstanding currently trading at $16 per share. The last dividend on the common shares was $1.20 and is expected to grow at 8% annually. The tax rate is 35%. Calculate the WACC for Qualcom? A. 11.57% B. 11.97% C. 12.77% O D. 12.27%

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