Question 2 Titan Mining Corporation has 9 million shares of common stock, 0.5 million shares of preferred stock ($100 par and with dividends at 9%), and 120,000 $1,000 face value bonds with an 8.5 percent coupon rate that makes semiannual payments. The common stock currently sells for $34 per share and has a beta of 1.20, the preferred stock currently sells for $83 per share, and the bonds have 15 years to maturity and sell for 93 percent of par. The market risk premium is 10 percent, T-bills are yielding 5 percent, and Titan Mining's tax rate is 35 percent. Calculate Titan Mining's WACC. Choose that range that includes the correct solution. Less than 13% Greater than or equal to 13%, but less than 14% Greater than or equal to 14%, but less than 15% Greater than or equal to 15%, but less than 16% O Greater than or equal to 16%