Builtrite's target capital structure is 50% common stock, 15% preferred stock and 35% debt. If the cost of common is 16%, the cost of preferred stock is 12% and the before tax cost of debt is 7% (the tax rate is 34%),

what is Builtrite's weighted average cost of capital?

O 10.38%

O 11.42%

O 12.25%

O 12.63%

Builtrite's target capital structure is 50% common stock, 15% preferred stock and 35% debt. If the cost of common is 16%, the cost of preferred stock is 12% and the before tax cost of debt is 7% (the tax rate is 34% ), what is Builtrite's weighted average cost of capital? 10384 11,424 12.25x 1269x