Pacific Coast Mining Pty Ltd, an Australian listed company, has 1 000 000 ordinary shares outstanding and the current market price per share is $13. The required rate of return for the ordinary shares is estimated to be 12%. They have issued bonds with a face value of $8 000 000, but the current market value based on a yield to maturity of 7.5% is $7 750 250. If the corporate tax rate is 30%, what is the weighted average cost of capital assuming an imputation tax system? Assume all registered shareholders are Australian residents and all dividends are fully franked. Select one a. 7.22% b. 9.7596 OC 6.8396 d. 10.32%