Fleetwood Mac $($FM$)$ uses only debt and equity in its capital structure. The value of FM$\text{'}$s debt is $$7,600,000$ and the value of FM$\text{'}$s equity is $$14,300,000.$ FM$\text{'}$s bonds are currently selling for $$950,$ mature in $12$ years, and have an annual coupon rate of $8\%.$ FM$\text{'}$s beta is $1\mathrm{.}7,$ the risk free rate is $6\%,$ and the market return is $14\%.$ FM has a tax rate of $25\%.$ What is FM$\text{'}$s WACC?

Multiple Choice

$15\mathrm{.}57\%$

$11\mathrm{.}22\%$

$15\mathrm{.}06\%$

$19\mathrm{.}6\%$