Use the following information for problems 46 through 49: Common stock: 1 million shares outstanding, $40 per share, $1 par value, beta = 0.8 Preferred stock: 200,000 shares outstanding, $44 per share, $3.50 per share annual dividend Debt: 10,000 bonds outstanding, $1,000 face value, 8% coupon, 20 yrs to maturity, price =112% of par Other: Market return - 14.6%, risk-free rate = 6%, company tax rate = 28% What is this company's WACC? 7.33% 8.67% 9.50% 12.33% 10.67%