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The number of common stocks outstanding is 15 million shares and the number of semiannual coupon bonds outstanding is 1 million for Wonka Ind. Wonka also has $100 million current market value worth of preferred stocks. The current price of stocks equal to $68 with the cost of common stocks equal to 13%. The bonds are currently $880 and the before-tax cost of debt is 8.5%. The cost of preferred stock is equal to 6%, and the marginal tax rate of the firm is 40%. Find the WACC. [Hint: to find the market value weights, first find the market value of common stocks and bonds.] 9.17% 10.21% 9.65% (D) 10.78% (E) 11.29%