A company has an EBIT of $4,142 in perpetuity. The unlevered cost of capital is 14.78%, and there are 21,957 common shares outstanding. The company is considering issuing $8,625 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 9.91% and the tax rate is 28%. What is the weighted average cost of capital after the restructuring? 11.88% 12.21% 12.54% 12.87% 13.20%