QUESTION 12 A firm has 700,000 shares of common stock outstanding at a market price of $65 a share. Last month, the firm paid an annual dividend in the amount of $3 per share. The dividend growth rate is 6%. The company also has 32,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 6% coupon, pay interest annually, and mature in 10 years. The bonds are selling at 102% of face value. The company's tax rate is 25%. What is the company's weighted average cost of capital (WACC)? 8.07% 8.14% 8.00% O7.93% O8.21%