Question 15 (0.5 points) Company Z has 50.000 shares of common stock outstanding that sells for $10 per share, and its cost of common equity is 12%. The company also has 400 bonds outstanding that sell at par ($1000) and make semi-annual coupon payments of $30. Preferred stock outstanding for the company sells at $25 per share, has a $2.50 annual dividend, and there are 4000 shares outstanding. Ignoring taxes, what is the company's WACC? 9.4% 8.0% 11.6% 5.5% 8.9%