DaBest Burgers has 48,000 shares of preferred stock and 75,000 shares of common stock outstanding. The preferred stock sells for $64 per share and pays the annual dividend of $5.5 per share. The common stock has a beta of 1.90 and sells for $41 per share. The company also has 6,500 bonds outstanding that are selling at 96.5 percent of its par value of $1,000 and yielding 6.7 percent, pre-tax. The U.S. Treasury bill is yielding 3.5 percent and the return on the market is 10.6 percent. The corporate tax rate is 21 percent. What is the weighted average cost of capital? (Multiple Choice) Question 1 options: 10.86% 8.79% 9.00% 10.22% 8.13%