Ryder Manufacturing has a cost of debt of 6.8%, a cost of equity of 14.4%, and a cost of preferred stock of 8.06%. The firm has 220,000 shares of common stock outstanding at a market price of $48 a share. There are 50,000 shares of preferred stock outstanding at a market price of $38 a share. The bond issue has a total face value of $2,000,000 and sells at 102% of face value. The tax rate is 25%. What is the weighted average cost of capital for Ryder Manufacturing?

		10.67%
		10.96%
		11.49%
		11.83%
		12.26%