Bobs Balloons has 80,000 bonds outstanding that are selling at par value with a face value of $1,000. Bonds with similar characteristics are yielding 8.5%. The company also has 4 million shares of common stock outstanding. The stock has a beta of 1.1 and sells for $40 a share. The U.S. Treasury bill is yielding 4% and the market risk premium is 8%. Jack's tax rate is 35%. What is Jack's weighted average cost of capital? Responses 11.37% 11.37% 10.38% 10.38% 7.39% 7.39% 7.10%