Peter's Audio Shop has a cost of debt (before tax) of 6.75 percent, a cost of equity of 11.05 percent, and a cost of preferred stock of 7.5 percent. The firm has 150,000 shares of common stock outstanding at a market price of $22 a share. There are 35,000 shares of preferred stock outstanding at a market price of $36 a share. The bond issue has a total face value of $500,000 and sells at 107 percent of face value. The company's tax rate is 34 percent. What is the weighted average cost of capital for Peter's Audio Shop? 9.48% 10.54% 11.14% o 8.60% o 9.14%