The company has 50,000 bonds with a 5% coupon rate paid annually. All the bonds will mature in 15 years and are currently selling at $1,050 per bond. The company also has 1,000,000 shares of common stock outstanding in the market. The stock sells at $65 per share and has a beta of 1.1. Further, there are 150,000 shares of preferred stock outstanding with each share trading at $90. The preferred stock pays an annual dividend of $6.50 per share. The firm pays a tax rate of 35%. The market risk premium is 7% and the risk free rate is 2.5%. What is the cost of common stock for the company? a. 12.30% b. 9.42% OC 10.20% d. 8.50% The company has 50,000 bonds with a 5% coupon rate paid annually. All the bonds will mature in 15 years and are currently selling at $1,050 per bond. The company also has 1,000,000 shares of common stock outstanding in the market. The stock sells at $65 per share and has a beta of 1.1. Further, there are 150,000 shares of preferred stock outstanding with each share trading at $90. The preferred stock pays an annual dividend of $6.50 per share. The firm pays a tax rate of 35%. The market risk premium is 7% and the risk free rate is 2.5%. What is the weighted average cost of capital for the company? a. 7.59% Ob.9.66% O c. 12.04% Od. 6.98%