Axle Co.'s shareholders require a 22.5 percent return and Axle's bondholders require a 14 percent return. Based on a 33.33 percent of the debt/total asset ratio and a 46 percent tax rate, find Axle's weighted average cost of capital. Hint: use WACC formula.

A. 11.79%

B. 12.54%

C. 14.47%

D. 17.52%