QUESTION 15 A company has the following capital structure: Assets $340,000 $280.000 70,000 Debt Preferred stock Common stock 490,000 The common stock has a cost of 13 percent. The cost of preferred stock is 8 percent. The debt pwys interest of 10 percent annually, and the company is in the 30 percent marginal tax bracket What is the firm's weighted average cost of capital? ON 10.6 11.6