Faber Corporation has a target capital structure of 40% bond financing, 10% preferred stock financing, and 50% common stock financing. The cost of bonds is 7%, the cost of preferred stock is 10.5%, and the cost of common stock financing is 17%. What is Faber's WACC?

	a.	13.75%
	b.	15.37%
	c.	12.35%
	d.	11.50%