A company has a cost of debt of 7.74%, a cost of common equity of 11.94%, and a cost of preferred stock of 8.84%. All three costs are before taxes. The company has 104,000 shares of common stock outstanding at a market price of $28.50 a share. There are 40,000 shares of preferred stock outstanding at a market price of $42.10 a share. The bond issue has a total face value of $500,000 and sells at 101.5% of face value. The corporate tax rate is 34 %. What is the weighted average cost of capital for this company?

	9.49%
	9.74%
	10.00%
	10.25%
	10.51%