Rannie Cuts has a target debtequity ratio of 0.75. Its cost of equity is 13.4%, and its pre-tax cost of debt is 4.6%. If the tax rate is 35%, what is the company's after tax WACC? Assume a classical tax system.

Select one:

a. 8.28%

b. 7.72%

c. 8.82%

d. 9.20%

e. 8.94%