Saved Help Save & Exit Phillips Equipment has 80,000 6.75% semiannual bonds outstanding. The bonds have 17 years to marurity, and are selling at par value of S1000. The company also has 750,000 shares of 7% perferred stock and 2.5 million shares of common stock outstanding. The preferred stock sells for $53 a share The common stock has a beta of 1.34 and sells for $42 a share. The U.S. Treasury bill is yielding 28% and the return on the market is 112%. The corporate tax rate is 38% What is the firm's weighted average cost of capital? Multiple Choice 11.18% 10.64% O 10.39% 11.30%