Time Warner shares have a market capitalization of $70 billion. The company is expected to pay a dividend of $0.25 per share and each share trades for $20. The growth rate in dividends is expected to be 9% per year. Also, Time Wamer has $10 billion of debt that trades with a yield to maturity of 8%. # the firm's tax rate is 40%, compute the WACC? O A. 8.13% OB. 8.61% O C. 9.09% OD. 9.57%