Ripple Wine Merchants has 10,700 shares of stock outstanding at a price per share of $63, The risk-free rate is 2.8% and the expected market return is 9.8%. Ripple has a beta of 1.59 . The company also has 320 bonds outstanding, with a par value of $1000 per bond. The after-tax cost of debt is 5.89% and the bonds sell for 93.6% of par. What is the firm's WACC if the tax rate is 219 ? Multiple Choice 9.14% 9.78% 9.04% 9.52% 9.44%