The Crabtree Companys cost of common equity is 14 percent, its before-tax cost of debt is 11 percent, and its marginal tax rate is 25 percent. The stock sells at book value. Using the following balance sheet, calculate Crabtrees WACC.

Assets			Liabilities and Equity
Cash	$ 250
Accounts receivable	200
Inventories	590		Long-term debt	$1,056
Net plant and equipment	2,260		Common equity	2,244
Total assets	$3,300		Total liabilities and equity	$3,300

	a.	11.13%
	b.	13.04%
	c.	12.16%
	d.	10.40%
	e.	9.78%