quinlan enterprises stock trades for $55.00 per share. it is expected to pay a $1.50 dividends at year end, the dividend is expected to grow at a constant rate of 6.00% a year. the before tax cost debt is 7.00%, and the tax rate is 40%. the target capital structure consist of 40% debt and 60% common equity. What is the companys WACC if all the equity is used from reinvested earnings?

A.6.92

B. 7.14

c 7.40

d. 7.75

d 7.77