ABCs weighted average cost of capital is closest to:

Consider the following capital structure for ABC Corporation. The company's capital structure has fixed-rate bonds, preferred shares, and common equity. The firm's tax rate is 21%. The risk-free rate is 4.11%. Details on the components of the capital structure are listed below. Debt: Preferred equity: Common equity: Remaining maturity: 8 years Par value: $31 million Coupon rate: 6.4% Yield to maturity: 4.5% $24 million Dividend rate: 8% Current price: 90% of par value 5.6 million shares outstanding Current share price: $32.4 Beta: 2.3 Beta: 2.3 Market risk premium =6.7%