The Lever Crowbar Company has a target capital structure of 70 percent debt and 30 percent equity with no preferred stock. The firm doesnt plan to raise equity capital beyond next years retained which have a cost of 15%. Debt costs the company 8 percent before taxes of 40%. What is Levers weighted average cost of capital. a. 7.60% b. 14.0% c. 7.86% d. 4.50%