The companys capital structure is as follows: Debt Weight 25%, Preferred Stock Weight 25%, Common equity Weight 50%. The cost of debt is 12%, the cost of preferred stock is 15% and the cost of common equity is 0.244. Calculate the companys weighted average cost of capital.

Select one:

a. 0.0920

b. All the given choices are not correct

c. 0.1520

d. 0.1595