The Two Dollar Store has a cost of equity of $12\mathrm{.}4$ percent, the YTM on the company's bonds is $5\mathrm{.}7$ percent, and the tax rate is $21$ percent. If the company's debt$-$equity ratio is $59,$ what is the weighted average cost of capital?

Multiple Choice

$9\mathrm{.}47\%$

$6\mathrm{.}75\%$

$8\mathrm{.}64\%$

$7\mathrm{.}92\%$

$967\%$

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