The Quandrum has a cost of equity of 10% and the yield to maturity on its bonds is 8%. If the company has $10 million in bonds and $25 million in equity, find its weighted average cost of capital. Quandrum's marginal tax rate is 35\%. Quandrum has no preferred stock. (Round your final answer to two decimal places.) 10.45% 7.82% 8.62% 9.0%