Elery, Inc. has a capital structure that consists of 545 million of debt and the remainder in equity. The current price of a share of stock is 534 and the firm has 2 million shares outstanding. The marginal tax rate is 40%. If the firm's yield to maturity on bonds is 75% and investors require a 15% return on the firm's common stock, what is Elery's weighted average cost of capital? 10.629 7.209 12:35 12.00