Time Warner shares have a market capitalization of $65 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% 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 40%, compute the WACC? O A. 7.72% O B. 7.02% OC. 6.67% OD. 8.08%