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A company has an EBIT of $3211 in perpetuity

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A company has an EBIT of $3211 in perpetuity. The unlevered cost of capital is 13.10% and there are 16742 common shares outstanding. The company is considering issuing $6840 in new bonds at par to add financial leverage. The proceeds of the debt issue will be used to repurchase equity. The YTM of the new debt is 8.30% and the tax rate is 21%. What is the WACC after the restructuring?

a. 12.81%

b. 12.50%

c. 12.20%

d. 13.41%

e. 13.11%