The following market information was gathered for the Rogue Corporation. The firm has 5,000 bonds outstanding, each selling for $1,050.00 with a required rate of return of 7.00%. Rogue has 3,000 shares of preferred stock outstanding, selling for $60.00 per share and 80,000 shares of common stock outstanding, selling for $24.00 per share. If the preferred stock has a required rate of return of 9.00% and the common stock requires a 11.00% return, and the firm has a corporate tax rate of 20%, calculate the firm's WACC adjusted for taxes.

A. 7.09%

B. 6.77%

C. 9.23%

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. E. 9.53%