Kelso's has a debt-equity ratio of 0.55 and a tax rate of 35 percent. The firm does not issue preferred stock. The cost of equity is 14.5 percent and the beforetax cost debt is 7.3846 percent. What is the weighted average cost of capital? 11.57 percent 10.67 percent 11.38 percent 11.06 percent 10.46 percent