A firm's common stock currently sells for $36 each and there are 2,000,000 shares outstanding. The last dividend paid was $2.25 and dividends are expected to grow at 12% per year indefinitely. The firm also currently has 32,000 8.75% bonds outstanding, each with a par value of $1,000 that are trading at 110% of face value. The bonds mature in 34 years. The firm's corporate tax rate is 40%. What would be the firm's weighted average cost of capital? a) 9.42% Ob) 14.32% c) 12.88% d) 15.35% e) 13.65%