Company Y has 24,500 shares of common stock outstanding at a market price of $19 a share. The firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 94% of par or face value. The cost of equity is 12.6% while the after-tax cost of debt is 5.8%. What is the weighted average cost of capital?

Options: 11.29% 10.07% 10.32% 12.36% 11.47%