A company has an EBIT of $3,876 in perpetuity. The unlevered cost of capital is 14.30%, and there are 20,467 common shares outstanding. The company is considering issuing $8,115 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 9.45% and the tax rate is 26%. What is the weighted average cost of capital after the restructuring? 11.97% 12.29% 12.62% 12.94% 13.26%