Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastie grocery bags, styrofoam cnps, and fertilizers, to estimate the firm's weighted average cost of capital. The balance sheet and some other information are provided below. Current assets Net plant, property, and equipment Total assets 538.000.000 5101.000.000 5.139.900.000 Liabilities and Equity Accounts payable Accruals Current liabilities Long term debt (40,000 bonds, 51,000 par value) Total liabilities Common stock (10,000,000 shares) Retained earnings search ALI $10,000,000 $9.000.000 $19,000,000 $40.000.000 $59.000.000 $30,000,000 550.000.000 58F Clear A 40 PENG 114 4/10 O Retained earnings Total shareholders equity Total liabilities and shareholders equity $50.000.000 580.000.000 5139.000.000 The stock in currently selling for $15.90 pershare, and its noncallable $1.000,00 par value, 10-year, 13.00% bonds with seminal payments are selling for 9942:13. The beta is 0.96, the yield on a 6-month Treasury bill is 3.50, and the yield on a 10-year Treasury bond is 5.50%. The required return on the stock market is 12 50%i, but the marieet has had an average antint return of 15 50% during the past 5 years. The firm's tax rate is 95%. What is the best estimate of the firm' WACC? Do not round your intermediate calculations O 0.70 Ob 12.01 O 12.469 Od 11289 O e. 13.29% 0-ley