Skolits Corp. has a cost of equity of 11.3 percent and an aftertax cost of debt of 4.59 percent. The company's balance sheet lists long-term debt of $365,000 and equity of $625,000. The company's bonds sell for 105.1 percent of par and the market-to-book ratio is 2.95 times. If the company's tax rate is 24 percent, what is the WACC?

Multiple Choice

8.83%

9.39%

9.95%

10.14%

10.78%