Burg Associates has $25 million of debt and $50 million of equity on the balance sheet. Currently, the 6 million shares are trading for only $4 per share, and the market value of its debt is 20% below the book value. Suppose shareholders now demand a 20% expected rate of return. The bonds are now yielding 14%. What is the weighted-average cost of capital? Assume the company face a 35% corporate income tax rate. a. 16% b. 18% C. 17% O d. 15%