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The following information is provided: Xena Corp. 2019 Average borrowing rate for debt 6.2% Stock Beta 1.73 Book value of Debt ($MM) $110.7 Stock price/share

The following information is provided:

Xena Corp. 2019

Average borrowing rate for debt

6.2%

Stock Beta

1.73

Book value of Debt ($MM)

$110.7

Stock price/share at year end

$25.83

# of shares outstanding (MM)

10

Marginal Tax Rate

27%

The 10 year Treasury bond yield is 3%, and historical market risk premium is 5.2%. What is Xena 's estimated WACC?

Group of answer choices

9.755%

9.055%

10.755%

11.355%

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