Emeka Industries can borrow funds at a 12 percent interest rate. Its preferred stock sells for 80S/share and pays an annual dividend of 4S/share. The company has a beta of 1.3, risk-free investments currently pay 2 percent. The company pays taxes at a 30 percent rate. The required rate of return for an average stock is 8 percent. Emeka's Target Capital structure consists of 15 percent preferred stock, 40 percent debt, and.... What is the Emeka's WACC? O a. 11.16% b. 4.95% C. 9.36% a)d. 12.4% e. 10.53%