Given the following information, find the WACC for Spencer's Book Shop. Target capital structure

$30\%$ debt;

preferred; $60\%$ common equity

$\backslash$table$[[$Market value per share, common.,$$25\mathrm{.}00,],[$Market value per share, preferred.,$$20\mathrm{.}00,],[$Last annual dividend $($Do$),$ common,$$2\mathrm{.}50,],[$Annual Dividend preferred.,$$2\mathrm{.}00,],[$Dividend growth rate $($g$),,],[$Marginal tax rate,$5\%,],[$Yield to maturity on outstanding bonds,$9\%,]]$

For this problem, assume that floatation costs for common, preferred, and debt are all zero.

$11\mathrm{.}50\%$

$11\mathrm{.}62\%$

$11\mathrm{.}92\%$

$12\mathrm{.}95\%$

e$,,13\mathrm{.}00\%$