Question 20 1 pts A corporation has 10,000 bonds outstanding with a 10% annual coupon rate, 12 years to maturity, a $1.000 face value, and a $1,100 market price. The company's 100,000 shares of preferred stock pay a $4 annual dividend, and sell for $40 per share. The company's 500.000 shares of common stock sell for $20 per share and have a beta of 1.2. The risk-free rate is 5% and the market return is 12%. Assume a 30% tax rate. What is the company's WACC (weighted average cost of capital? 10 24 9.99% 11.20% 10.89 09.62