S Corp. is expected to pay a $2.55 dividend at year end, the dividend is expected to grow at a constant rate of 4.50% a year, and the common stock currently sells for $35 a share. The before-tax cost of debt is 5.50%, and the tax rate is 40%. The target capital structure consists of 30% debt and 70% common equity. What is the company's WACC? Do not round your intermediate calculations. a. 9.24% O b.7.97% O c. 8.39% d. 9.05% e. 6.96%