A company has a cost of debt of 8.70%, a cost of common equity of 12.90%, and a cost of preferred stock of 9.80%. All three costs are before taxes. The company has 104,000 shares of common stock outstanding at a market price of $31.70 a share. There are 40,000 shares of preferred stock outstanding at a market price of $45.30 a share. The bond issue has a total face value of $500,000 and sells at 103.5% of face value. The corporate tax rate is 34 %. What is the weighted average cost of capital for this company? 10.96% 11.24% 11.52% 11.81% 12.09%