Time Warner shares have a market capitalization of $45 billion. The company just paid a dividend of $0.30 per share and each share trades for $25. The growth rate in dividends is expected to be 6.5% per year. Also, Time Warner has $10 billion of debt that trades with a yield to maturity of 9%. If the firm's tax rate is 25%, compute the WACC? OA. 7.21% B. 7.59% C. 8.73% OD. 8.35% M