Swift plc has 10,000 shares. The current share price is 40, and the cost of equity is 13%. The company has also 1,000 bonds outstanding, with 13 years to maturity, a coupon rate of 8% and a face value of 1,000. The bonds make semiannual coupon payments and the current price is 856.25 per bond. The tax rate is 20%. What is the weighted average cost of capital (WACC) of the company?

Select one: a. 9.5% b. None of these answers is correct. c. 9.4% d. 9.7% e. 9.6%