Tapley Inc. recently hired you as a consultant to estimate the company$$s WACC. You have obtained the following information. Tapley's bonds mature in $25$ years, have a $7\mathrm{.}5\%$ annual coupon, a par value of $$1,000,$ and a market price of $$936\mathrm{.}49.$ The company$$s tax rate is $40\%.$ The risk$-$free rate is $6\mathrm{.}0\%,$ the market risk premium is $5\mathrm{.}0\%,$ and the stock$$s beta is $1\mathrm{.}5.$ The following information is recorded on the balance sheet: long$-$term debt equals $$300$ million, common equity$=700$ million. Current stock price is $$95$ a share, and there are $10$ million shares outstanding. Tapley uses the CAPM to estimate the cost of equity, and it does not expect to have to issue any new common stock. What is its WACC?

A$)13\mathrm{.}5\%$

B$)8\mathrm{.}10\%$

C$)24\%$

D$)11\mathrm{.}43\%$

E$)$ None of the above