(Q6) continued C. (11 points) What is the weighted average cost of capital (WACC)? For the cost of common equity, use the capital asset pricing model (CAPM). (Write down the steps to calculate the cost of debt (3 points), preferred stock debt (3 points), and common equity debt (3 points) in the explanation. Then calculate the WACC (2 point) using appropriate weights. You will receive zero point if you get the right answer without the correct explanation.) A. 10.20% B. 9.72% C. 9.61% D. 6.76% Answer: Explanation: