M&S has 10,000 shares of common stock outstanding at a price per share of $46 and a rate of return of 14 percent. The firm has 5,000 shares of 7 percent preferred stock outstanding at a price of $58 a share. The outstanding debt has a total face value of $200,000 and a market price equal to 98 percent of face value. The yield-to-maturity on the debt is 8.03 percent. What is the firm's weighted average cost of capital if the tax rate is 34 percent? 12.65% A 11.61% B. 9.99% C 12.12% D E 8.62%