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Time Warner shares have a market capitalization of $60 bilion. The company is expected to pay a dividend of $0.40 per share and each share

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Time Warner shares have a market capitalization of $60 bilion. The company is expected to pay a dividend of $0.40 per share and each share trades for $30. The growth rate in dividends is expected to be 7% per year. Also, Time Warner has $15 billion of debt that trades with a yield to maturity of 8%. If the firm's tax rate is 35%, what is the WACC? R O A 7.71% B. 8.48% OC. 6,55% OD 7.32%

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