Sticky Web Inc. has 500,000 shares outstanding and 1,000 coupon bonds. The shares are selling for $1.50 per share, while the coupon bonds are selling for $980. The cost of equity is 18% and the pre-tax cost of debt is 10%. What is the weighted average cost of capital for Sticky Web Inc.? Assume a marginal tax rate of 35%.

10.46%

11.49%

12.48%

13.47%

14.45%