Time Warner shares have a market capitalization of $70 billion. The company is expected to pay a dividend of $0.50 per share and each share trades for $30. The growth rate in dividends is expected to be 9% per year. Also, Time Warner has $20 billion of debt that trades with a yield to maturity of 7%. If the firm's tax rate is 30%, compute the WACC? score O A. 9.39% score B. 7.98% C. 8.92% score OD. 8.45% score