Take It All Away has a cost of equity of 10.60 percent, a pretax cost of debt of 5.31 percent, and a tax rate of 21 percent. The company's capital structure consists of 70 percent debt on a book value basis, but debt is 30 percent of the company's value on a market value basis. What is the company's WACC?

Group of answer choices

7.09%

9.01%

9.61%

11.82%

8.68%