Cullumbers T-Shirts, Inc., has debt claims of $330 (market value) and equity claims of $670 (market value). If the after-tax cost of debt financing is 8 percent and the cost of equity is 14 percent, what is Cullumbers weighted average cost of capital?

A) 13.05%

B) 12.02%

C) 14.07%

D) 11.03%