Wilson's Has 10,000 Shares of Common Stock Outstanding at a Market

Wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. The firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 % of face value. The cost of equity is 11 % while the pre-tax cost of debt is 8 %. The firm has a beta of 1.1 and a tax rate of 34 %. What is Wilson's weighted average cost of capital?

A) 8.59 %
B) 8.72 %
C) 9.08 %
D) 9.63 %
E) 10.05 %