Granby Foods' (GF)balance Sheet Shows a Total of $25 Million

Granby Foods' (GF) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%.The yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million.The company has 10 million shares of stock, and the stock has a book value per share of $5.00.The current stock price is $20.00 per share, and stockholders' required rate of return, rs, is 12.25%.The company recently decided that its target capital structure should have 35% debt, with the balance being common equity.The tax rate is 40%.Calculate WACCs based on book, market, and target capital structures.What is the sum of these three WACCs?

A) 28.36%
B) 29.54%
C) 30.77%
D) 32.00%
E) 33.28%