Given the following information, what is the firms weighted average cost of capital? Market value of equity = $30 million; market value of debt = $30 million; cost of equity = 15%. The firms bond issue sells for $1075. The coupon rate is 7%, the bonds mature in 20 years, and interest is paid annually. The tax rate is 40%

A) 9.4%

B) 10.6%

C) 11%

D) 15%

E) 22%