Wing Air, Inc. has a target capital structure of60% percent common stock and40%percent debt. It's cost of equity is 11% percent and cost of debt is 8% percent. The tax rate is 35% percent. What is Wing Air's weighted average cost of capital?

Common stock 60%

Debt 40%

Cost of equity 11%

Cost of debt 8%

Tax rate 35%

6.88%

8.68%

4.52%

9.46%