You are looking at the following information: Debt: 5,000 6.5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. 120,000 shares outstanding, selling for $59 per share; the beta is 1.19. 18,000 shares of 6 percent preferred stock outstanding, currently selling for $105 per share. 7.5 percent market risk premium and 5 percent risk-free rate. Common stock: Preferred stock Market: The company is in the 34 percent tax rate bracket based on its corporate income. Required Find the WACC. (Do not round your intermediate calculations.) Multiple Choice 914% 10.02% 9.24% 9.34% 9.64%