Global Data has 24,500 shares of common stock outstanding at a market price of $19 a share. This stock was originally issued at $21 per share. The firm also has a bond issue outstanding with a total par value of $250,000 which is selling for 94 percent of par. The cost of equity is 13.6 percent while the after-tax cost of debt is 7.8 percent. The firm has a beta of 1.33 and a tax rate of 23 percent. What is the weighted average cost of capital? 10.98 percent 10.32 percent 1236 percent 11 29 percent 11.65 percent