Builtrite's target capital structure is 55% common stock, 15% preferred stock and 30% debt. If the cost of common is 17% cost of preferred stock is 13% and the before tax cost of debt is 8%. What is Builtrite's weighted average cost of capital assuming a marginal tax rate of 34%? O 11.38% O 12.88% O 12.25% 13.70%

Builtrite's target capital structure is 55% common stock, 15% preferred stock and 30% debt. If the cost of common is 17 cost of preferred stock is 13% and the before tax cost of debt is 8%. What is Builtrite's weighted average cost of capital assuming a marginal tax rate of 34% ? 17.38% 12.88% 12.25% 13.70%