Monster Cables has a cost of debt of 9 %, a cost of equity of 14 %, and a cost of preferred stock of 10 %. The firm has 87,000 shares of common stock outstanding at a market price of $27 a share. There are 30,000 shares of preferred stock outstanding at a market price of $41 a share. The bond issue has a total face value of $750,000 and sells at 99 % of face value. The company's tax rate is 35 %.

What is the weighted average cost of capital for Monster Cables?

-11.38

-11.93

-11.46

-11.89