Skolits Corporation has a cost of equity of 11.7 percent and an aftertax cost of debt of 4.41 percent. The company's balance sheet lists long-term debt of $335,000 and equity of $595,000. The company's bonds sell for 96.5 percent of par and market-to-book ratio is 2.77 times. If the company's tax rate is 21 percent, what is the WACC?

11.16% 9.07% 9.66% 10.25% 10.50%