SIROM Scientific Solutions has $5 million of outstanding equity and $5 million of bank debt. The bank debt costs 5% per year. The estimated equity beta is 2 . If the market risk premium is 7% and the risk-free rate is 4%, compute the weighted average cost of capital if the firm's tax rate is 25%. A) 12.51% B) 11.96% C) 10.88% D) 11.42%