Answer questions 22 based upon the following information: Denton Trucking Company has one million shares of common stock, each trading at $35 per share. There are 300,000 shares of preferred stock trading at $50 each. The market value of the company's debt is $50 million. The cost of equity capital is 20%. The cost of preferred capital is 16%. The pre-tax cost of debt capital is 8%. The company's effective corporate tax rate is 35%. 22. The company's weighted average cost of capital is closest to 9.3% 10.2% 12.0% 14.6%