ABC has 24,500 shares of common stock outstanding at a market price of $19 a share. This stock was originally issued at $21 per share. The firm also has issued 250 bonds outstanding, which is selling for $940. The cost of equity is 12.6 percent while the before-tax cost of debt is 6.5 percent. The firm has a beta of 1.33 and a tax rate of 25 percent. What is the weighted average cost of capital? A 10.26 percent B 11.47 percent 11.19 percent D 10.94 percent E 10.58 percent