15. Capital budgeting GHJ Inc. is investing in a major capital budgeting project that will require the expenditure of $16 million. The money will be raised by Issuing $6 million of bonds and $10 million of new common stock. The company estimates after-tax cost of debt to be 7%, and the cost of new common stock to be 17%. What is the weighted average cost of capital (WACC) for this project? 14.23% 12.129 13.25% 11.20%