Given the following information for CSV Pharmacy, find its WACC. Assume the company s tax rate is 34 percent. Debt: 21,000, 7.0 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 97 percent of par; the bonds make semiannual coupon payments. Common stock: 250,000 shares outstanding, selling for $40 per share; the beta is 1.65. Market: 7 percent market risk premium and 4.0 percent risk-free rate.

8.52% 8.35% 8.07% 7.83% 7.58%