To help finance a major expansion, Lopez Chemical Company sold a noncallable bond several years ago that now has 20 years to maturity. This bond has a 9.25\% annual coupon, paid semiannually, sells at a price of $1,025, and has a par value of $1,000. The cost of common equity is 11.26%, the firm's tax rate is 40%, and the target capital structure consists of 50% debt and 50% common equity. What is the company's WACC? Do not round your intermediate calculations. (Multiple Choice) Excel Link: Excel Sheet.xIsx 10.12%7.87%6.98%5.39%8.32%