Camper,Inc. is interested in acquiring Baxter Corp. Baxter has 30 million shares outstanding. Baxter's pre-tax cost of debt is 10% its cost of equity is 15%, and its tax rate is 35%. Its target capital structure is 45% debt and 55% equity. What is the weighted average cost of capital (WACC)?

13.8%

11.80%

None of the above

11.20%

9.90%