Chuckney Industries has a targe capital structure of 40% debt and 60% common equity. Their cost of equity is 12% and the yield to maturity on the company's bonds is 9%. If the current corporate tax rate is 40%, what is their weighted average cost of capital? A. 9.36% B. 10.5% C. 10.8% D. 11.5% E. none of the above