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The 7D Mining Corporation has the following capital structure: 2% preferred stock, 45% debt, and 53% common equity. Currently, the required return for preferred shareholders is 8%, the yield to maturity on debt is 6% and the required return on common stock is 12%. The tax rate facing the firm is 34%. The firm is considering a project that will require a $15 million inwestment today, The project is forecasted to generate an annual cash flow of $3 million per year for the not 12 years. What is the WACC? 6.1% 4.5% 83% 11.93%