Take It All Away has a cost of equity of 11.02 percent, a pretax cost of debt of 5.42 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 36 percent of the company's value on a market value basis. What is the company's WACC?

Multiple Choice

• 12.54%

• 8.59%

• 9.00%

• 7.53%

• 9.60%