Time Warner shares have a market capitalization of $55 billion. The company just paid a dividend of $0.25 per share and each share trades for $45. The growth rate in dividends is expected to be 7% per year. Also, Time Warner has $10 billion of debt that trades with a yield to maturity of 7%. If the firm's tax rate is 25%, compute the WACC? O A. 7.96% OB. 7.23% O C. 8.32% OD. 6.87%