GH e is investing in a major capital budgeting project that will require the expenditure of $20 million. The money will be raised by issuing 56 million of bonds. 4 million of preferred stock and $10 million of new common stock. The company estimates is after-tax cost of debt to be cost of preferred stock to be the cost of retained emines to be 14 and the cost of new common stock to be 17% What is the welche average cost of capital for this project? 17 13.7