The common stock of Company Xtrades at a price of $17 per share and is expected to pay a dividend of $0.46 per share next year (year 1); the growth rate in these dividends is expected to be 5.00% per year thereafter. Company X's market value of equity is $3,536.0 millions and their book value of equity is $2,121.6 million. Moreover, Company X has debt that currently trades with a yield to maturity of 12.00% and has a coupon rate of 6%. The market value of debt of Company X is $1,638.0 millions. The company's tax rate is 22.00% and has no preferred shares. Approximately, what is Company X's WACC? 6.748% 09.065% 8.427% 8.230%