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please help 1 pts MB Inc. has 80,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.5 percent. The company

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1 pts MB Inc. has 80,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.5 percent. The company also has 750,000 shares of 7 percent preferred stock and 2.5 million shares of common stock outstanding. The preferred stock sells for $65 a share. The common stock has a beta of 1.34 and sells for $42 a share. The U.S. Treasury bill is yielding 2.8 percent and the return on the market is 11.2 percent. The corporate tax rate is 35 percent. What is the firm's weighted average cost of capital? Select the choice that is closest to your answer. 10.23 percent 10.32 percent 10.15 percent O 10.41 percent

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