The common stock of Company X trades at a price of $23 per share and is expected to pay a dividend of $0.33 per share next year (year 1); the growth rate in these dividends is expected to be 7.00% per year thereafter. Company X's market value of equity is $6,578.0 millions and their book value of equity is $3,946.8 million. Moreover, Company X has debt that currently trades with a yield to maturity of 11.00% and has a coupon rate of 5.5%. The market value of debt of Company X is $1,524.0 millions. The company's tax rate is 25.00% and has no preferred shares. Approximately, what is Company X's WACC? 8.917% 8.383% 7.624% 8.400%