Determine SQX Co.'s WACC. It has $20MM of debt, $10MM of preferred stock, and $20MM of common stock outstanding. The companys "expected return" on common stock is 20%; YTM on debt is 10%; and current return on preferred stock is 10%. If SQX pays taxes at 25%, what is its WACC? Group of answer choices

20.0%

9.6%

14.0%

13.0%