Upton Umbrellas has a cost of equity of $12\mathrm{.}1$ percent, the YTM on

the company's bonds is $6\mathrm{.}2$ percent, and the tax rate is $21$ percent.

The company's bonds sell for $103\mathrm{.}7$ percent of par. The debt has a

book value of $$423,000$ and total assets have a book value of

$$957,000.$ If the market$-$to$-$book ratio is $2\mathrm{.}89$ times, what is the

company's WACC?Multiple Choice$10\mathrm{.}51\%8\mathrm{.}49\%8\mathrm{.}35\%5\mathrm{.}62\%9\mathrm{.}96\%$