A company has an EBIT of $3,743 in perpetuity. The unlevered cost of capital is 14.06%, and there are 19,722 common shares outstanding. The company is considering issuing $7,860 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 9.22% and the tax rate is 25%. What is the weighted average cost of capital after the restructuring? 12.16% 12.48% 12.80% 13.12% 13.44%