25 Use the following information to answer questions 23-25. Consider the following capital structure for ABC Corporation. The company has a floating-rate bank loan, preferred shares, and common equity in its capital structure The firm's tax rate is 21%. The risk-free rate is 3% Details on the components of the capital structure are listed below. Debt: Short-term, variable-rate bank loan $120 million par Remaining maturity of 2 years: Bond's rate was recently reset to market yield of 5% So, now priced at par (market value $120 million) Preferred equity: $100 million par 6% annual coupon Each $1,000 par issue is currently priced at $1.050 Common equity: 5 million shares outstanding Current share price: $50 Stock beta 1.9 Market risk premium-7.0% ABC's weighted average cost of capital is closest to: 8.77% 9.98% 10.84% 15.91%