A company has an EBIT of $4,750 in perpetuity. The un levered cost of capital is 16.46%, and there are 27,230 common shares outstanding. The company is considering issuing $10,410 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 11.52% and the tax rate is 35%. What is the weighted average cost of capital after the restructuring?

a) 13.44

b) 13.78

c) 14.13

d) 14.47

e)14.82