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Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share. Jake's also has 6,000 bonds outstanding with

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Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share. Jake's also has 6,000 bonds outstanding with a face value of $1,000 per bond. The cost of equity is 10% while the cost of debt is 6%. The company's tax rate is 21%. What is Jake's weighted average cost of capital? O 5.3% O 5.8% O 6.3% O 7.7% O 7.2%

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