Question 4 (1 point) A company has a cost of debt of 6.78%, a cost of common equity of 10.98%, and a cost of preferred stock of 7.88%. All three costs are before taxes. The company has 104,000 shares of common stock outstanding at a market price of $25.30 a share. There are 40,000 shares of preferred stock outstanding at a market price of $38.90 a share. The bond issue has a total face value of $500,000 and sells at 99.5% of face value. The corporate tax rate is 34 %. What is the weighted average cost of capital for this company? 8.33% 8.57% 8.80% 9.03% 9.26%