The following market information was gathered for the Blender Corporation. The firm has 1,000 bonds outstanding,

each selling for $1,100.00 with a required rate of return of 8.00%. Blenders has 5,000 shares of preferred stock outstanding,

selling for $40.00 per share and 50,000 shares of common stock outstanding, selling for $18.00 per share. If the preferred

stock has a required rate of return of 11.00% and the common stock requires a 14.00% return, and the firm has a corporate

tax rate of 30%, then calculate the firm's WACC adjusted for taxes.

A) 9.53%

B) 10.73%

C) 6.77%

D) There is not enough information to answer this question because there is no information provided about the amount of

retained earnings held by the firm.